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.

Politico reported:

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.

Without unanimous consent, the hearing can’t happen. Rep. Waters is going to object and lead a Democrat walkout. Democrats will then hold a shadow hearing on the Trump family’s shady dealings with the crypto industry.

This sort of action won’t stop any legislation, but it is a way of fighting back and shining a light on corruption.

The Trump family appears to be making a fortune by climbing into bed with crypto and now they are pushing legislation that would endanger taxpayer funds and enrich those involved in cryptocurrency.

House Democrats aren’t standing down and letting the corruption happen before their eyes. They are using the limited tools they have to fight back and ensure that the American people know what the Trump administration is doing.

In a government with ethics and guardrails that had an executive branch that was being overseen by a dozens times over convicted felon, none of this would be happening.

However, this is the situation that the nation currently finds itself in. Corruption is being normalized at the highest levels of the government while Republicans in Congress sit on their hands and turn a blind eye to what is happening.

The appearance of corruption is everywhere surrounding the presidency right now, and cryto combined with governmental power makes it possible for people to enrich themselves by abusing their positions or the position of a family member.

Tighter regulations need to be adopted, and if Democrats must do everything in their power to raise public awareness about this problem.

What do you think about the Democratic walkout? Discuss it in the comments below.