Democrats pounce on Trump’s crypto ventures during marathon stablecoin hearing – DL News
- Democrats decried Trump’s ‘conflicts of interest.’
- Republicans turned back numerous amendments.
- The Stable Act advanced out of committee.
Democrats assailed one of President Donald Trump’s crypto ventures at a marathon Congressional hearing on Wednesday.
They said the Republicans’ stablecoin bill in the House of Representatives would be a massive giveaway to the president, whose purported DeFi project, World Liberty Financial, recently announced plans to launch its own stablecoin, USD1.
“It’s a display of greed,” Representative Maxine Waters said, addressing Representative French Hill, the committee chair and a Republican from Arkansas.
“I attempted to talk to you last week, and what I really wanted was that we could agree that we…
