Democratic Lawmakers Counter GOP’s ’Crypto Week’ with ’Anti-Crypto Corruption Week’

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2025-07-12 00:39:02

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House Financial Services Committee Democrats Maxine Waters (D-CA) and Stephen Lynch (D-MA) declared July 11-15 as 'Anti-Crypto Corruption Week,' directly opposing Republican-led efforts to advance digital asset legislation. The move targets three GOP-backed bills—the GENIUS Act, CLARITY Act, and an anti-CBDC proposal—which Waters characterized as 'dangerous' vehicles for enabling what she called former President Trump's 'corrupt crypto empire.'

The Democratic counteroffensive frames crypto policy as a national security issue, accusing Republicans of stripping consumer protections while fast-tracking industry-friendly rules. Waters' statement explicitly linked the legislative push to Trump's recent cryptocurrency ventures, suggesting regulatory gaps could be exploited for political gain.

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