News View Non-AMP

US Democrats Declare “Anti-Crypto Corruption Week,” Slamming Trump’s Deceptive Bills

Published by
Zameer Attar

On Friday, the top Democrat on the House Financial Committee, Congresswoman Maxine Waters, declared that next week will be “Anti-Crypto Corruption Week.” This bill aims to prevent US President Donald Trump’s corrupt cryptocurrency ventures. It is presented in response to slam the “crypto week’s” initiative of the GENIUS Act, the CLARITY Act, and the Anti-CBDC bill.

Anti-Crypto Corruption Week in US Slams Trump’s Corruption

In an official notice, Maxine Waters and Congressman Stephen Lynch introduced the “Anti-Crypto Corruption Week” bill, aiming to unite the democrats to block the three crypto regulatory bills set for deliberation in Crypto Week, slated for the week of July 14th.

Both democrats called the bills “dangerous pieces of crypto legislation” and emphasized that these bills would encourage President Trump’s corruption in crypto. Waters reiterated that these bills only aim to enrich Trump, his entire family, and the billionaire insiders in his cabinet at the cost of investors’ protection. 

Waters stated– 

“These bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself […] all while defrauding investors.” 

Key Highlights of Anti-Corruption Week

  • Both democrats claimed that crypto ventures linked to Trump’s family are corrupt and have generated over $1.2 billion for the president, which they aim to stop.
  • To block Trump’s crypto crimes, democrats are presenting amendments to block stablecoin bills and the crypto market structure bills.
  • Democrats offered nearly 30 amendments to lessen the harm of the CLARITY Act bill and block Trump from profiting from the expense of crypto bills at the cost of consumers’ funds.
  • The bill also highlighted the risk to consumer protection and stated that the Republican-led anti-CBDC bill will have devastating consequences on Americans’ financial lives.

Conclusion

Congressman Lynch criticized Republican leaders and called them cowards by stating, “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.” 

Repeatedly, these US leaders have voiced their opinions, confronting Trump’s criminality in terms of cryptocurrency and digital assets in the country. Now, with the anti-crypto corruption bill, the democrats affirmed once again that they are not afraid and will keep reminding the public of the true cost of this corruption.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Crypto Hacks Surge in July 2025: CoinDCX, GMX, BigONE Targeted

July 2025 saw cryptocurrency hacks jump by 27%, reaching $142 million in losses across major…

August 2, 2025

FED Interest Rate Cut in September? 80% Chance Says It’s Coming

Despite former President Donald Trump’s repeated calls for lower interest rates, the U.S. Federal Reserve…

August 2, 2025

SEC Launches 10-City Crypto Tour to Engage U.S. Startups

The SEC's crypto task force is heading out on a national tour to hear directly…

August 2, 2025

Why Is Ethereum (ETH) Price Falling? Market Panic or Manipulated Move? Will it Rebound to $3,800?

Ethereum's price has come under notable pressure, falling below key psychological and technical levels. The…

August 2, 2025

Litecoin Price Eyes Breakout – Will $110 Trigger a Fresh Rally?

Litecoin price is showing signs of renewed bullish momentum as it kickstarts August with a…

August 2, 2025

4 Promising Shiba Inu (SHIB) Killers That Will Grow a $1000 Portfolio into $85,000

Crypto bull markets have a way of elevating unexpected tokens to legendary status. Shiba Inu…

August 2, 2025