The U.S. House of Representatives held another hearing on the crypto regulation bill, questioning Trump's conflict of interest
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Planet Daily News: On June 7, the U.S. House Financial Services Committee held a "Minority Day" hearing, driven by Democrats, to conduct supplementary review of the Digital Asset Market Clarity Act. Several Democratic lawmakers again questioned whether former President Trump's involvement in the cryptocurrency field might constitute a conflict of interest. Representative Maxine Waters stated that the bill could be used by Trump for personal gain, pointing out his multiple cryptocurrency investment activities during his presidency. Meanwhile, legal experts expressed concerns about regulatory exemption clauses, potential loopholes, and cybersecurity risks in the bill. The Republican side emphasized that the U.S. currently lacks a federal regulatory framework for non-securities digital assets, believing the bill will help fill regulatory gaps. The bill is expected to enter the voting process next week. (CoinDesk)
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