According to Deep Tide TechFlow, on May 6, senior Democratic member of the House Financial Services Committee Maxine Waters plans to oppose the upcoming joint hearing on cryptocurrency policy scheduled for May 7. Since the joint hearing requires unanimous consent, this move will effectively block the meeting.
Sources reveal that Waters plans to lead some Democratic members of the Financial Services Committee to walk out of the meeting and hold a separate 'shadow hearing' focusing on the Trump family's interests in the cryptocurrency industry. This move is the Democrats' latest effort to resist the industry-friendly digital asset legislation pushed by Republicans by emphasizing the potential conflicts of interest involving the Trump family.