In his digital wallet: Democrats slam Trump-backed crypto product

During a House Financial Services Committee hearing, Democrats criticized a crypto wallet associated with Trump, suggesting it undermines financial regulations. Rep. Maxine Waters emphasized that Trump’s actions reflect a misuse of public finances for personal advantage.

Lawmakers discussed the Digital Asset Market Clarity Act, aimed at clarifying regulations for digital assets. Concerns were raised about Trump’s financial interests and the implications of his crypto initiatives amidst calls for stricter regulatory oversight.

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