Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led all of the Democratic members on the Committee in requesting a follow-up hearing to today’s session exploring the Republican-led crypto market structure bill.
This follow-up hearing, known as a “Minority Day Hearing,” would feature a second panel of witnesses, selected by Committee Democrats, and serve the purpose of providing the American public with a fuller picture of the implications of Trump’s crypto crimes, as well as the consequences of the market structure bill, which may be marked up by next week.
“Continuing this hearing with a second panel, also known as a ‘Minority Day Hearing,’ in addition to the Wednesday, June 4, 2025, hearing panel, will provide Members of the Committee and the American public the opportunity to consider and discuss additional perspectives on President Trump's crypto conflicts of interest and corruption, including measures like H.R. 3573, the Stop TRUMP in Crypto Act to address such conflicts and corruption; the effects of H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act of 2025, on consumer and investor protection, national security, and existing securities and commodity futures regulation; and the potential effects of the proposed legislation on the digital asset industry and broader financial system,” wrote the lawmakers.
The lawmakers concluded: “Given that the Committee may consider the CLARITY Act of 2025 as soon as next week as part of the Full Committee's Tuesday, June 10, 2025, markup, we request that this hearing be scheduled this week.”
Pursuant to the rules of the House and the Committee, a majority of the Members of the Minority are permitted to request a Minority Day Hearing. Once this request is submitted, the Chair and Ranking Member must both concur on a specific date and time for the hearing to be held.
See the full letter HERE.
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