Representatives Maxine Waters and Stephen Lynch have designated the July 14th-18th period as “Cryptocratic Anti-Corruption Week.” With this initiative, they aim to mobilize the party to justify “corruption” related to President Donald Trump and oppose three bills that put Americans at risk of mass fraud.
These waters and the actions of Lynch have been unleashed as a counterattack to derail the SO-called “Cryptocurrency Week,” launched by Republican legislators. To achieve this, the Democrats were armed with their famous campaign Three bills promoting corruption, denounce unprotected citizens And serves the interests of the Trump family and their billionaire partners.
The fight is focused on blocking three legislative initiatives Republicans are trying to approve at full speed. securities y merchandiseGenius provides anti-CBDCs aimed at providing a regulatory framework for Stablecoins and banning central banks’ digital currencies.
The anti-CBDC project hopes to prevent privacy-protecting citizen oversight and financial management, but Democrats frame it as part of their legislative package. According to them, it promotes a deregulated and dangerous “basilica” ecosystem.
A Waters lawmaker who was previously criticized for praise of Sam Bankman-Fried, has been criticized for the collapse of the exchange FTX, saying “Republicans are stepping up their efforts to approve dangerous legislative packages.” He also accused his colleagues of being “accomplice in the unprecedented crypto fraud promoted by Trump.”
While approval of these laws requires bipartisan consensus, there is a continuing reluctance to support cryptocurrency. Some Democrats, such as Waters and Lynch, are the president. Trump received billions of dollars in foreign government through his family-owned asset businessthey say, these laws create obvious conflicts of interest that they seek to justify.
Previously, the party tried to stop the tide with an amendment of almost 30, but all were rejected by a Republican majority. They called for an investigation and presented “laws to stop Trump with cryptocurrency.” This is with the idea of banning senior officials and their families participating in the digital asset market.
In any case, not all Democrats are opposed to the bill presented. Because they have received bipartisan approval of previous measures that allowed them to reach their argument this week.
Therefore, the Capitol is being prepared as a normal stage of battle. This, on the other hand, is accelerating restrictions on Bitcoin and cryptocurrency, including stubcoin. Meanwhile, Republicans are creating legal proposals to stop it.
Additionally, the Senate confirmed to professional cryptocurrency figure Jonathan Gould as director of the office of the Director General’s Office of Laneda (OCC). All this exacerbates the conflict with democratic opposition in Congress.