Democrats Launch “Anti-Crypto Corruption Week” to Counter House Crypto Bills
Democratic Representatives Maxine Waters and Stephen Lynch have announced the launch of “Anti-Crypto Corruption Week,” a strategic move to unite Democratic opposition against three cryptocurrency regulatory bills slated for discussion in the House during “Crypto Week,” scheduled for the week of July 14th.
The House is expected to consider the GENIUS stablecoin bill, the CLARITY market structure bill, and the Anti-CBDC Surveillance State bill during the same week as the proposed “Anti-Crypto Corruption Week.”
Waters and Lynch have labeled these bills as “dangerous pieces of crypto legislation,” arguing that they would pave the way for crypto fraud and help “legitimize President Donald Trump’s crypto corruption, which has already earned him a staggering $1.2 billion.”
The goal of “Anti-Crypto Corruption Week” is to prevent Republican lawmakers from garnering enough support to pass the bills, which House Financial Services Committee Chairman Representative French Hill has strongly advocated for.
Congresswoman Waters stated firmly that the bills lack consumer protection and national security safeguards to protect customers from falling victim to political scams. “These bills would make Congress complicit in Trump’s unprecedented crypto scam, one that has personally enriched him […] while defrauding investors,” she noted.
Congressman Lynch also highlighted the Republicans’ willingness to pass the bills without adequately considering the potential negative consequences of cryptocurrencies.
“The Republican-led ‘CLARITY Act’ and the Senate’s ‘GENIUS Act’ will not only encourage President Trump’s corruption, but will expose our financial stability, national security, and consumer protections to greater risk,” Lynch declared.
This isn’t the first time Congresswoman Waters has attempted to curb President Trump’s ties to the crypto industry. On May 22nd, Waters, along with 14 Democratic co-sponsors, introduced the ‘Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025’, also known as the “Stop TRUMP in Crypto Act of 2025.”
The central purpose of the bill is to prohibit the President and other federal heads—and their immediate families—from engaging in activities related to digital assets. Waters and other House Democrats also blocked a hearing on cryptocurrency regulation on May 6th, citing concerns about President Trump’s ties to the digital asset industry.
This Democratic effort comes as members of the crypto industry anticipate a positive deliberation process on the three pieces of legislation next week. Notably, the GENIUS stablecoin bill only requires approval in the House to reach the President’s desk for final signature into law.
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