Market News
Trump's crypto ventures cause tensions to bubble over as Democratic lawmaker scuttles key hearing
Summary
- House panels were due to discuss crypto bill
- Representative Maxine Waters objected due to concerns about Trump ventures
- Trump has touted a meme coin, family crypto project
- Crypto industry has sought to portray digital asset regulation as a bipartisan issue
May 6 (Reuters) - Tensions on Capitol Hill over President Donald Trump's various cryptocurrency ventures escalated on Tuesday and threatened to derail the digital asset sector's hope of legislation by the end of this year as a top Democratic lawmaker stalled efforts to debate a bill.
Although Congress had appeared likely earlier this year to pass legislation governing digital assets for the first time, Democrats have grown increasingly frustrated as Republican Trump and his family members have promoted their personal crypto projects.
