Overview

• Rep. Maxine Waters has halted a planned joint hearing on cryptocurrency market structure legislation, citing concerns over President Trump's expanding crypto ventures.
• House rules require unanimous agreement for joint hearings, allowing Waters to effectively block the session by withholding approval.
• Waters and other Democrats will host an alternative hearing focusing on the Trump family's crypto activities, including World Liberty Financial and the $TRUMP meme coin.
• The Republican-led draft legislation on digital asset market structure and stablecoin regulation remains stalled due to partisan disputes.
• World Liberty Financial recently disclosed a $2 billion stablecoin transaction with an Emirati firm, intensifying scrutiny of foreign issuer exemptions in U.S. crypto laws.