Jackson Hole, Wyo. – Despite increasing biparist efforts to provide clear regulation to the digital asset industry, a main problem that behaves in legislation in the United States is President Donald Trump and family actions in the sector, according to representative Angie Craig (D-minn.)
“It is not a secret for anyone that my side of the aisle would prefer not to see from president to exercise – I will not name – participating in this market while an exercise president unless these assets are in a sealed trust,” said Craig on stage at the salt conference in Jackson Hole on Wednesday.
Trump, as well as his family, in particular Eric Trump, who was present on the site during the appearance of Craig, both built companies in the industry, especially since Trump resumed the office last January.
Trump has published several pieces even linked to his name and his social media platform, Truth Social, asked for several funds negotiated in exchange. Eric Trump co -founded American Bitcoin, a mining company held by Hut 8.
Craig, who was joined by representative Bryan Steil (R-Wi.)Spealed from the law on the clarity of the digital asset market that the Chamber adopted with a massive bipartisan vote last month. The senatoric banking committee works on its own version of the legislation on the structure of the cryptographic market.
Although the majority of the Republicans are in favor of the bill, many democrats remain skeptical, and a great reason is the involvement of the Trump family in the industry, said Craig.
“The elephant in the room here is the participation of the president’s family in this market and it is a stumbling block so that more democrats support legislation,” she said.
Craig said that although there is language in the legislation that limits this conflict of interest, a stronger tone is necessary to convince certain legislators.
“If we could find a language that would allow or prevent conflicts of interest from occurring, from our point of view, I think you would see many more democrats support it,” she said.
Craig is the classification member of the Chamber’s Agriculture Committee, which means that it is the main democrat of this committee. It is not the first time that she has referred to the Trump family’s crypto ties – during a committee hearing in June on the clarity law, she declared that her crypto actions “would make this debate more difficult” and suggested that the congress should add restrictions on the way the American president can exchange supervised markets by the CFTC, including the crypto.
Despite his comments, Craig still voted to advance the law on clarity without such a language being added.
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