Democrats continue the Biden anti-Crypto war. On the one hand, the Republicans try to finally provide clear regulation to the Bitcoin sector (BTC) And cryptos (which has been waiting for him for a long time in the USA). And on the other side, the Democrats brake with all their might, in line with The anti-Crypto war waged for 4 years by Joe Biden and Gary Gensler (the ex-president of the dry). The last obstacle to the legislative process of Democrats is to Boycotting an hearing on innovation and digital assets.
- Democrats boycotted a Bipartisan hearing on the regulation of cryptocurrencies in the United States.
- The parliamentary meeting has transformed into a round table to discuss the future of digital assets, braving the obstacles placed by the Democrats.
Democrats boycott a bipartisan hearing on cryptocurrencies
The party Democrat of the United States continues, as for years, from Slow as much as possible the innovations carried by Bitcoin And blockchains technology. Democratic members of Room of Representatives (House of Representatives) come from boycott purely and simply a hearing planned about the Cryptocurrencies regulation.
This parliamentary meeting, entitled » American innovation and future of digital assets: an action plan for the 21ste century « Was organized by the Financial Services Commission and the Agriculture Commission of the House of Representatives.
The presence of key specialistsas Rostin Behnam the ex-president of the CFTC (Commodity Futures Trading Commission)) for regulation, and Greg TUSARthe vice-president of institutional products of Cornerbase To represent Cryptos actors, had to move forward on the very late regulation of digital assets in the United States. But the Democratic representative Maxine Waters mentioned the pretext below, which is not in moderation, for obstruct at the Bipartisan hearing:
« I oppose this joint hearing due to the corruption of the President of the United States, his possession of cryptocurrencies, and his supervision of all agencies [fédérales]. »»
Maxine Waters, Democratic representative of California
The hearing will still take place, in the form of a round table on Cryptos innovations
The 87 -year -old career politician, representative of California since 1991, has of course received in return Critics of his counterpart Republicanthe representative French Hill de l’Arkansas, who is the chairman of the financial services committee:
« I want to be very clear and to set the record straight today: the representative has expressed concerns about conflicts of interest, which is why she disrupts joint hearing [bipartisane] today. (…) By her actions, the representative threw sectarianism Supporter in what has always been a solid and effective bipartisan relationship.
French Hill, Chairman of the Commission of Financial Services of the House of Representatives
The initially planned bipartisan hearing was therefore transformed into a round tablewhere regulation specialists and players in the digital asset sector were able to enlighten US legislators on the right way effectively regulate digital assets, without stifling their high potential for innovations. Unfortunately, we can count on the Democrats to continue to sow as many obstacles as they can to slow down this regulation of crypto-active, desired by the Republicans and President Donald Trump.