Crypto Market Structure Hangs In The Balance As Congress Divides

WASHINGTON, DC - Rep. French Hill, Chairman of the House Financial Services Committee in the 119th ... More Congress (Photo by Anna Moneymaker)
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‘Corruption Tied To The President Of The United States’
A bipartisan push to bring clarity to U.S. digital asset markets was upended this week by a political dispute.
Representative Maxine Waters, Democrat of California and ranking member of the House Financial Services Committee, blocked a joint hearing on cryptocurrency regulation that was scheduled for May 6. Waters cited President Trump’s financial ties to the crypto industry as grounds for postponing the session.
“Members of Congress have a solemn responsibility to protect and defend the American public. It’s time for Republicans to stand up to the brazen and blatant crypto corruption tied to the President of the United States and hold this President accountable,” said Waters in a statement.
The digital asset sector remains without a clear regulatory framework.
Blockchain technology offers potential to modernize financial infrastructure, reinforce dollar dominance, and support innovation across industries.
However, developers and businesses continue to operate in a legal gray zone. The Securities and Exchange Commission and Commodity Futures Trading Commission have overlapping but incomplete authority, creating uncertainty for investors and market participants.