House Democrats Plan To Shut Down Joint Hearing With Mass Walkout
House Republicans are planning a joint hearing on cryptocurrency policy, but Rep. Maxine Waters (D-CA) plans to shut it down with a mass walkout.
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House and Senate Democrats have been sounding the alarm about a cypto bill that is light on regulation and heavy on the potential for corruption. The House Armed Services and Agricultural Committees are scheduled to hold a joint hearing on cryptocurrency policy on Tuesday.
House Financial Services ranking member Maxine Waters (D-Calif.) plans to object to a joint hearing the panel is hosting Tuesday on cryptocurrency policy, which will effectively prevent the meeting from taking place, according to a Democratic aide with direct knowledge of the matter who was granted anonymity to discuss unannounced matters.
Joint hearings require unanimous consent. The Financial Services Committee is hosting the meeting jointly with the House Agriculture panel, which also has jurisdiction over crypto regulation.
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