Democratic – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 12 Jul 2025 01:56:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Democratic – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Democratic Lawmakers Announce Anti-Crypto Corruption Week In Blow To GOP’s Crypto Week https://earlybirdsinvest.com/democratic-lawmakers-announce-anti-crypto-corruption-week-in-blow-to-gops-crypto-week/ https://earlybirdsinvest.com/democratic-lawmakers-announce-anti-crypto-corruption-week-in-blow-to-gops-crypto-week/#respond Sat, 12 Jul 2025 01:56:47 +0000 https://earlybirdsinvest.com/democratic-lawmakers-announce-anti-crypto-corruption-week-in-blow-to-gops-crypto-week/

Author

Julia Smith

Author

Julia Smith

About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Ranking member of the House Financial Services Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) announced July 11 that next week will be known as “Anti-Crypto Corruption Week” on Captiol Hill.

Democrats Push Back On GOP Crypto Week

According to the Friday notice posted on the House Financial Services Committee’s website, Democratic lawmakers will be pushing against the Republican Party’s planned “Crypto Week” in opposition to their political opponents’ mobilization to pass crypto legislation.

Specifically, Waters and Lynch called out both the CLARITY Act and the GENIUS Act by name in the notice, going so far as to call the proposed rulemaking “dangerous pieces of crypto legislation.”

The two U.S. lawmakers also took aim at U.S. President Donald Trump’s crypto ventures, claiming his dive into the world of digital assets is merely a part of his “evil and corrupt crypto empire.”

“Aside from lacking urgently needed consumer protections and national security guardrails, these bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors,” Waters said.

Donald Trump’s Digital Asset Ventures Questioned

Trump has garnered increased scrutiny in recent months over his affiliation with novel crypto platform, World Liberty Financial, over their new USD1 stablecoin as well as his the launch of his namesake memecoin $TRUMP.

Critics of Trump’s ties to the blockchain sector allege that his Trump-affiliated cryptocurrencies may pose ethics concerns as anyone – including those involved in foreign governments – may purchase and hold the coins.

“My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto – especially given President Trump’s acceptance of billions of dollars in investment in his family crypto business from foreign governments and his blatant conflicts of interest,” said Congressman Lynch.


]]>
https://earlybirdsinvest.com/democratic-lawmakers-announce-anti-crypto-corruption-week-in-blow-to-gops-crypto-week/feed/ 0 47133
5 questions about a potential Democratic Tea Party, answered https://earlybirdsinvest.com/5-questions-about-a-potential-democratic-tea-party-answered/ https://earlybirdsinvest.com/5-questions-about-a-potential-democratic-tea-party-answered/#respond Mon, 07 Jul 2025 04:53:42 +0000 https://earlybirdsinvest.com/5-questions-about-a-potential-democratic-tea-party-answered/

Last weekend, my colleague Christian Paz wrote about how the Democratic Party could be on the brink of a grassroots takeover, similar to what the GOP experienced with the Tea Party movement. It’s a fascinating piece that could have huge ramifications for Democratic politics, so I sat down with him to chat about his reporting for Vox’s daily newsletter, Today, Explained.

Our conversation is below, and you can sign up for the newsletter here for more conversations like this.

Hey, Christian, how are you? Remind us what the original Tea Party was. What is this movement we’re talking about?

The movement that I’m talking about started before Obama was elected. It was a mostly libertarian, grassroots, localized, not-that-big movement — a reaction to the bailouts at the end of the Bush administration. The idea being there’s too much deficit spending and government is becoming way too big and becoming unmoored from constitutional limited-government principles.

It evolved when Obama was elected into a broader anti-Obama backlash and then a major explosion because of the Affordable Care Act fights. It basically turned into an effort to primary incumbent Republicans, an effort to move the party more toward this wing and eventually try to win back control of Congress.

After it took off, what happened to the GOP?

They were able to win, I believe, five out of the 10 Senate seats that they were challenging. Something like 40 members of Congress were Tea Party-affiliated.

The primary thing was that they were successful in massively mobilizing Republican voters and getting people to turn out in the 2010 midterms, which turned out to be one of the biggest “shellackings,” as Obama called it, that Democrats or that any incumbent president and their party had sustained. Democrats lost control of the House and lost seats in the Senate, and that was a massive setback.

From then on, what happened was a successful move by more conservative primary challengers in future elections, the most iconic one being in 2014 — the primary that ousted Eric Cantor, the House majority leader, in favor of a Tea Party activist. It also forced the party as a whole to move to the right, making it more combative, more extreme, and more captive to a more ideological part of the Republican base.

Why are we hearing about this now with the Democratic Party?

The underlying idea is that there’s a divide between the establishment Democrats and populist-minded progressive Democratic candidates. And that’s part of the reason why we’re hearing this now, because there was a victory in New York City’s mayoral primary by Zohran Mamdani, a candidate who is fully in that latter category — a self-described democratic socialist appealing to this idea of bringing out new parts of the electorate, mobilizing people with populist appeal, with targeted, non-polished messaging, and taking more left-leaning positions on policy.

The big thing fueling talk about this Tea Party moment for Democrats is that the base has never really been as angry as it is right now. What we’re seeing is a combination of anti-Trump anger, wanting a change in direction, wanting a change in leadership, and also some folks who are like, Maybe we should become more progressive as a party.

So tell me about that. A change in leadership, a change in the establishment — what does this movement actually want?

It’s interesting. Because at least back with the original Tea Party movement, you could point to a core list of priorities there were about repealing Obamacare, about never repeating a bailout, about limiting the federal government’s ability to spend.

Something like that doesn’t exist right now, because it is a pretty disparate energy. The core thing is Democratic voters do not want the current leadership in Congress. They don’t like Hakeem Jeffries’s style of leadership in the House. They don’t like Chuck Schumer’s style of leadership in the Senate. There’s frustration at older members of Congress being in Congress and serving in leadership capacity right now.

In the polling, over and over again, we see, Democrats should be focused on providing a working-class vision for Americans. They should be more focused on kitchen table affordability issues. And that is the thing that most Democratic voters can actually agree on, and basically saying that that’s not what they think their current leadership is focused on.

What would it look like for the Democratic Party if this actually happens?

There are some strategists and activists who are drawing up lists of potential candidates to primary. There are already some challenges underway. I’m thinking of some House seats in Arizona, House seats in Illinois. There’s talk, especially after this New York City mayoral contest, about primarying Kirsten Gillibrand or Chuck Schumer and finding challengers to some more moderate House members in the New York area.

I’d be looking to see if there actually are younger people launching primary campaigns targeting older or centrist Democratic members of Congress. Once we get to primary season next year, how successful in fundraising are these candidates? Is there an actual effort by some established progressive members of the House to try to support some of these younger candidates?

Basically, just seeing if there’s money there, if there’s actual interest there in supporting these candidates, and whether we do see primary challenges in New York, in Massachusetts, be successful.

]]>
https://earlybirdsinvest.com/5-questions-about-a-potential-democratic-tea-party-answered/feed/ 0 46216
Trump's Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress https://earlybirdsinvest.com/trumps-memecoin-dinner-draws-crowded-cast-of-democratic-protesters-from-congress/ https://earlybirdsinvest.com/trumps-memecoin-dinner-draws-crowded-cast-of-democratic-protesters-from-congress/#respond Thu, 22 May 2025 05:09:30 +0000 https://earlybirdsinvest.com/trumps-memecoin-dinner-draws-crowded-cast-of-democratic-protesters-from-congress/

As President Donald Trump’s biggest memcoin buyers such as Tron founder Justin Sun bask in his attention over dinner on Thursday, Democratic lawmakers and advocacy groups have arrayed a series of protests and complaint sessions to decry the president’s crypto event as fundamentally corrupt.

Trump will host his dinner for more than 200 of his leading memecoin investors, whose money will fill the coffers of the president’s own business entities. They’ve reportedly been invited to his capital-area golf course, the Trump National Golf Club Washington, D.C., outside of which the memecoin buyers may encounter protesters.

Some of the counter-programming for his dinner will start earlier in the day in front of the Capitol Building. At 12:45 p.m., Representative Maxine Waters, the top Democrat on the House Financial Services Committee, will round up other lawmakers in front of the House steps to rail against Trump, accusing him of abusing his White House powers to “shamelessly promote and profit from a series of crypto ventures tied to himself and his family,” according to a notice about the event.

Waters will also introduce a new messaging bill “to block Trump’s memecoin and stop his crypto corruption, once and for all.” The legislation, which is unlikely to make headway in a Republican-majority Congress, would ban presidents, vice presidents, members of Congress and their families from “engaging in similar crypto crime.”

It’s the same type of ban that Democrats had been seeking to insert into crypto legislation, but Republicans have declined to let Trump-targeting language into the current digital assets bills, including the Senate stablecoin effort getting close to the finish line.

Later on Wednesday at 2:30 p.m., another press conference of Democratic lawmakers will feature Senators Chris Murphy and Elizabeth Warren, both of whom have been prominent in congressional criticism against Trump’s crypto actions. Murphy had introduced his own bill with a similar aim to Waters’, the Modern Emoluments and Malfeasance Enforcement (MEME) Act to stop federal officials from using their positions to profit from digital assets.

That event — also outside the Capitol — will additionally feature Senator Jeff Merkley, who also intends to join an evening protest right outside Trump’s golf course, hosted by progressive groups under the banner of Our Revolution. The message of the “America Is Not For Sale” rally is to push back on “a blatant example of political access being sold to the highest bidder,” according to the group.

The guest list for the memecoin dinner hasn’t been made public, but analysis of the buying of those coins suggest that the biggest spenders devoted millions for the privilege of joining the president at the event. The attendees’ anonymity is part of the problem, according to critics, who say that foreign buyers are gaining access to the president without the knowledge of the public.

Debate over the president’s crypto ties temporarily delayed progress on the U.S. stablecoin legislation meant to set up rules for domestic issuers, but the bill got back on track this week to clear an important procedural hurdle in the Senate on Monday.

Trump’s team has downplayed accusations of corruption. White House official Bo Hines said last week at CoinDesk’s Consensus 2025 conference in Toronto that the Trump family’s crypto ventures do not pose conflicts of interest, and they have “the right to engage in capital markets.”

Read More: Justin Sun Emerges as Donald Trump Memecoin’s Top Holder With $21.9M Stake

]]>
https://earlybirdsinvest.com/trumps-memecoin-dinner-draws-crowded-cast-of-democratic-protesters-from-congress/feed/ 0 37607
Democratic Rep. Connolly Fights Trump’s Crypto Reserve, Calls It a Risky Gamble https://earlybirdsinvest.com/democratic-rep-connolly-fights-trumps-crypto-reserve-calls-it-a-risky-gamble/ https://earlybirdsinvest.com/democratic-rep-connolly-fights-trumps-crypto-reserve-calls-it-a-risky-gamble/#respond Sat, 15 Mar 2025 20:20:21 +0000 https://earlybirdsinvest.com/democratic-rep-connolly-fights-trumps-crypto-reserve-calls-it-a-risky-gamble/

Democratic Representative Gerald E. Connolly has urged the US Treasury to abandon plans for a national cryptocurrency reserve.

In a letter to Treasury Secretary Scott Bessent on March 13, Connolly called for an immediate halt to the initiative, arguing that it serves no public benefit and could financially benefit President Donald Trump and his allies.

Connolly also raised concerns about how the Strategic Bitcoin Reserve and the Digital Asset Stockpile were being handled, pointing out that the proposal could lead to favoritism toward certain cryptocurrencies.

Crypto Research Fundamentals: How to DYOR (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

He noted that the Federal Reserve had already dismissed the idea as unnecessary and risky, and he questioned why taxpayer money should be directed toward such a volatile market.

Connolly argued that this approach would effectively act as a safety net for Bitcoin
BTC


$84,170.33

investors, ensuring government intervention if prices dropped.

The White House announced on March 7 that the Digital Asset Stockpile would only consist of previously forfeited cryptocurrencies and that any purchases for the Bitcoin reserve would follow “budget-neutral strategies” to prevent additional costs for taxpayers.

However, Connolly remained skeptical and requested that Bessent provide all relevant documents and communications related to the initiative. He also sought a list of companies in which the Treasury has financial ties to crypto.

Meanwhile, Anthony Pompliano, CEO of Professional Capital Management, suggested that the Trump administration might be intentionally causing stock market drops. How? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


]]>
https://earlybirdsinvest.com/democratic-rep-connolly-fights-trumps-crypto-reserve-calls-it-a-risky-gamble/feed/ 0 25339