The U.S. House of Representatives held another hearing on the crypto regulation bill, questioning Trump's conflict of interest

Odaily News On June 7, the U.S. House of Representatives Financial Services Committee held a "Minority Day" hearing at the urging of Democrats to conduct additional deliberations on the Clarity Act. At the meeting, several Democratic lawmakers again questioned former President Trump's involvement in the cryptocurrency field, saying it might constitute a conflict of interest.
Representative Maxine Waters said the bill could be used by Trump for personal gain, noting that he had invested in cryptocurrencies many times during his presidency. At the same time, legal experts have expressed concerns about the regulatory exemptions, potential loopholes and cybersecurity risks in the bill.
The Republicans stressed that the United States currently lacks a federal regulatory framework for non-securities digital assets and believe that the bill will help fill the regulatory gap. The bill is expected to enter the voting process next week. (CoinDesk)