US Democrats Launch "Anti-Crypto Corruption Week" to Counter Trump-Era Legislation

House Financial Committee Democrats Maxine Waters and Stephen Lynch have declared next week as "Anti-Crypto Corruption Week," targeting three pending crypto bills tied to former President Trump. The legislative push comes as Congress prepares to debate the GENIUS Act, CLARITY Act, and Anti-CBDC bill during "Crypto Week" starting July 14th.

Waters condemned the proposed legislation as a vehicle for "Trump's unprecedented crypto scam," alleging the measures WOULD enrich the former president's family and billionaire allies while exposing investors to fraud. The Democrats' counterproposal seeks to unite party members against what they characterize as dangerous regulatory rollbacks.

The political clash underscores growing tensions around cryptocurrency regulation in Washington. Waters' statement frames the upcoming legislative battle as a referendum on investor protections versus special interest influence, with potential implications for market stability.