U.S. Representatives Maxine Waters and Stephen Lynch have announced the launch of “Anti-Crypto Corruption Week” in Congress, a counter-move to the Republican-led “Crypto Week” scheduled for the week of July 14, 2025.
The Democratic initiative aims to block three cryptocurrency-related bills proposed by Republicans, which are set to be reviewed by the House of Representatives next week.
The Republican “Crypto Week” promotes the CLARITY Act (regulating the crypto market), the GENIUS Act (governing stablecoins), and the Anti-CBDC Surveillance State Act (prohibiting a Federal Reserve digital dollar), positioning them as steps to establish the U.S. as a global leader in digital assets.
However, Democrats argue that these bills lack essential consumer protections and effectively legitimize what they describe as “crypto corruption” tied to President Trump.
“These bills are devoid of necessary safeguards and turn Congress into a partner in an unprecedented scheme of personal enrichment for Trump and his inner circle,” Waters stated. She criticized the Republican effort as “one of the most egregious giveaways to billionaires in history” and a “stamp of approval on abuses of power.”
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Democrats claim that crypto ventures linked to the Trump family have generated over $1.2 billion for the president. Among these are the USD1 stablecoin and the TRUMP memecoin, both launched with involvement from companies affiliated with his family, raising concerns about conflicts of interest and potential exploitation of his office.
Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).
