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International Business Times
International Business Times
Business
Marvie Basilan

Republicans, Dems Hold Separate Crypto Roundtables As Tensions Simmer Over Trump Projects

Donald Trump Eric Trump Crypto Maxine Waters Republican United States Sylvia Garcia Stephen F Lynch Stephen Lynch Troy Downing
Donald Trump launched his official memecoin, $TRUMP, ahead of his inauguration. (Credit: The Official Trump Meme Website / Screenshot)

KEY POINTS

  • Rep. Waters and two other Democratic lawmakers walked out of a scheduled hearing to discuss crypto legislation
  • Republican Troy Downing said 'regulation by enforcement' must be eliminated to promote innovation
  • GOP's Zach Nunn urged lawmakers to help establish a 'clear structure' for crypto businesses
  • Dem Rep. Garcia argued that Trump is prioritizing his crypto projects over the country
  • Dem Rep. Lynch said Trump, through his crypto ventures, 'blatantly violated the ethics laws'

Republican and Democratic lawmakers on Sunday held separate cryptocurrency roundtables to discuss crypto policy and recent developments around the emerging sector as Dems and some crypto users raise issue with U.S. President Donald Trump's crypto ventures.

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