Republican lawmakers are downplaying concerns that Trump could personally profit from crypto, calling it political theater. Democrats are pushing for measures to block Trump from benefiting, especially with the Digital Asset Market Clarity Act on the table.
Rep. Steil brushed off criticisms as "Trump derangement syndrome," while others worry about potential conflicts. Waters claims Trump is "abusing his position...
to enrich himself off crypto," highlighting that the CLARITY Act doesn't address these concerns.
Meanwhile, key financial regulatory agencies like the SEC and CFTC are facing potential shakeups. Commissioners are departing, raising questions about the future of crypto oversight. The Senate is set to consider Trump's CFTC chair nominee on June 10.
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