Democrats summon Republican co-sick people and launch “Anti-Crypto Corruption Week”

Democrats led by Maxine Waters and officials will launch an “anti-cryptic corruption week” to block the Genius Act, Invisibility and CBDC bill. Their concern is that the bill paves the way for what they call Trump’s crypto corruption.

Maxine Waters, top Democrats on the House Financial Services Committee and ranking members of the Subcommittee on Digital Assets, and Stephen Lynch, have announcement The rally will start next week.

To counter the GOP’s “Crypto Week,” @RepmaxineWaters & @Repstephenlynch launches “Anti-Crypto Corruption Week.” pic.twitter.com/kpt6jptekx

– Eleanorterrett (@Eleanorterrett) July 11, 2025

This happens after Republicans announce it Crypto Week It will start on July 14th. The two lawmakers will lead Democrats who oppose Republican efforts to block what is called “three dangerous parts of the house” of the cryptography. According to Maxine, the bill lacks urgently needed consumer protection and national security guardrails.

According to them, “The Republican-led “clear” law and the Senate “genius law” put our financial stability, national security and consumer protection at greater risk. ”

Democrats call Republican co-sick

Since the start of the year, Trump has been pushing for initiatives to support the crypto industry. From his leaders he chose to support that is shown by publicly rooting the assets. He is also involved in the industry by launching companies and crypto coins.

Maxine Waters says the bill will complicate Congress in Trump’s unprecedented crypto fraud. She continued that Trump’s goal is to personally enrich himself, his whole family and billionaire insiders in his cabinet at the expense of investors. Furthermore, these bills serve as brave signs of recognition of blatant abuse of power. Reports say Trump has raised $1.2 billion from the industry.

Maxine Waters said, “A few days after passing one of the worst billionaire giveaways in American history and tearing basic needs from American families. Republicans are working on it again.

Dems also accused Republicans of being too co-ill to stand up to the president. Rep. Lynch said, “My Republican colleagues want to continue bidding in the crypto industry while conveniently ignoring the vulnerability and opportunity of abuse that exists in crypto.”

To that end, Democrats have assured them that they are not afraid of and will remind the public this week of the true cost of this corruption. “Our message is clear: we don’t allow the financial system to become a means of self-dealing, lawlessness, or abuse of power. The interests of consumers, investors and our democracy will not be high.”

Dems says China is ahead of the CBDC

Stephen Lynch says the “National Anti-CBDC Surveillance Act” gives China another opportunity to utilize new technologies while tying US government research. This is due to the unstable and dangerous nature of crypto products and the lack of investor protection.

meanwhile, China The International Operations Centre was established in Shanghai and is a digitally-owned E-CNY. China envisions a “multipolar” currency system in which multiple currencies support the global economy, said Chief Pan Gongsheng, China’s central bank.

Mizu pointed to the Republicans, said “The same Republicans who oppose government-supported digital dollars in the name of “freedom” are rushing to hand over the keys to Americans’ financial futures to Trump’s illegal and corrupt crypto empire. ”

On March 6th, Republican leader Tom Emmer proposed the anti-CBDC surveillance national law. The bill aims to halt the US central bank, the Federal Reserve, from issuing CBDCs.

The House Financial Services Committee said the Blockchain Association, the Digital Chamber of Commerce and many bank lobbies are among the groups that support the bill.