At a June 6 hearing organized by Democrats, a member of the HFSC Maxine Water has classified that legislators should focus on “information that was not explored during the committee session” on June 4, which dealt with concerns about the law of clarity of the digital assets market. The discussion on the draft code of the encryption market, which is expected to go to voting on June 10, has been partially shaded by calls for provisions to prevent Trump from using legislation to his personal interest.

Actor Brian Steel, who heads the Digital Assets Committee, rejected criticism as “Trump’s deformity syndrome”, a term often used to describe negative reactions to the president’s policies. Cointelegraph has arrived at Steil spokesman for comment but did not receive a response at the time of publication.

“My colleagues refuse to recognize President Trump’s corruption for encryption, which undermines their efforts to pass this bill,” said Representative Stephen Lynch. “I assume fear and a violent reaction from the president.”

It is not clear whether the efforts of Democrats will get enough support between their party members or Republicans to slow down or stop the approval of the clarity law. Before the Trump dinner party to reward his holders in Mimikoen on May 22, Waters submitted a separate bill to prevent the president, vice president, members of Congress and their families from engaging with digital assets.

According to Lots at the hearing on June 6, Trump “offends his position as president to enrich himself out of encryption.” I continued:

There is no single judgment in this law [CLARITY Act] Treats the crimes you put. In fact, this draft law only legitimizes it. “

As he spoke at the session, Representative Warren Davidson said that there was “100 % democratic opposition to progress in this law.”

Related to: WLFI sends a letter that stopped stopping the “unauthorized” Trump portfolio-Report-

https://www.youtube.com/watch?

Market structure bill to address SEC roles, CFTC

Amanda Fischer, director of politics and CEO of Operations in the best markets and witnessed in the session, reproached other concerns with dealing with the indirect assets of the president of digital assets through the Securities and Stock Exchange Committee (SEC) and the Future Trading Committee for Commodities (CFTC). It is expected that many commissioners in both clients will resign or leave it without candidates so far on the way to replace them.

Fischer said: “The financial organizational agencies are under the siege.” “The Democratic Commissioners, nominated by the President and confirmed by the Senate without reason. Soon, CFTC will have only one commissioner. By the end of the year, this Supreme Education Council will decrease to a committee of three members for all Republicans, although they have a legal mandate for the duo.”

The Senate Agricultural Committee is scheduled to consider Trump’s nomination of Bian Quintns to head CFTC on June 10. The CFTC president, Caroline Fam, and the delegated Christine Johnson, announced her plans to leave the agency, and may have left Quintns, the only commissioner for time.

The Supreme Education Council, headed by Paul Atkins, can witness a meager leadership in the year 2027 with the expected departure of Commissioner Caroline Crinko. Commissioner Hyster Pears, who heads the agency’s encryption team, is spending a period that expired on June 5. Each commissioners can serve up to 18 months after their conditions end if it is not replaced by choosing the Senate confirmation from Trump.

magazine: Trump’s encryption projects raise conflicts in interests, trading questions from the inside