Democrats Derail U.S. House Crypto Hearing Over Trump’s Crypto Holdings

Planned discussions on cryptocurrency regulation in the U.S. House of Representatives were abruptly halted Tuesday as Democrats staged a revolt. The joint hearing between the House Financial Services and Agriculture Committees collapsed when ranking Democrat Maxine Waters objected, citing President Trump’s personal cryptocurrency dealings as a conflict of interest.

"I object to this joint hearing because of the corruption of the president of the United States and his ownership of crypto and his oversight of all the agencies," Waters declared. Her procedural move dissolved the hearing’s official status, which required unanimous consent to proceed under joint committee rules.

The disruption underscores how cryptocurrency has become entangled in Washington’s political battles. Waters invited attendees to an alternative meeting focused exclusively on Trump’s crypto holdings, diverting attention from broader regulatory discussions affecting the digital asset industry.