Trump's Bullishness Towards Crypto May Have Less to Do With the Betterment of the Digital Asset Ecosystem

This objection highlights that crypto regulation may have a tumultuous road ahead, leaving uncertainty alive and well inside the cryptocurrency market.

House Democrats walked out of a joint hearing of the Agriculture and Financial Services Committee on Wednesday in protest of President Donald Trump’s crypto involvement, sources close to the matter revealed.

The walkout was led by Maxine Waters, chair of the House Financial Services Committee. It follows previous reports that Trump’s bullishness towards crypto may have less to do with the betterment of the digital asset ecosystem and more to do with his own crypto deals.

This objection was highlighted several times by Maxine Waters, who also serves as the ranking Democrat on the House Appropriations Committee. After a long bout of contemplation, the key reason was given as “corruption of the President of the United States and his ownership of crypto and his oversight of all the agencies.”

This objection highlights that crypto regulation may have a tumultuous road ahead, leaving uncertainty alive and well inside the cryptocurrency market, leading to massive volatility. Evidence of this is clear with Bitcoin’s recent surge past the $96K mark twice in a week.

Does this uncertainty make today the right time to get the best crypto to buy now?

Republicans are Legitimizing Trump’s Corruption – Maxine Waters

Most of the hearing was not about reaching consensus, but highlighting the shortfalls and perceived “corruption” of the current regime, with even Trump’s creation of “Strategic Bitcoin Reserve” coming under fire.

“It is a method of using taxpayer resources to boost the value of the president’s cryptocurrency,” Waters claimed.

Bombarding accusations of corruption straight from her opening remarks, Maxine Waters said, “…our Republican colleagues refused to address the unprecedented conflicts of interest presented by President Donald Trump and his family. I am deeply concerned that Republicans aren’t just ignoring Trump’s corruption—they are legitimizing Trump’s and his family’s efforts to enrich themselves on the backs of average Americans. Through his crypto business, Trump has turned the office of the presidency into a personal money-making machine.”

Three other panelists stood alongside Maxine Waters: Chastity Murphy, the former economic policy advisor to Rep. Rashida Tlaib, D-Mich.; Timothy Massad, the director of the Digital Assets Policy Project at the Harvard Kennedy School; and Mark Hays, associate director of Cryptocurrency and Financial Technology at Americans for Financial Reform.

The criticism was about Donald Trump’s handling of the cryptocurrency industry, while also stating that there should be stronger regulations for crypto to safeguard consumer interest.

Maxine Waters’ objections were then noted by the House Financial Services Committee Chairman Rep. French Hill, R-Ark., who stated that the Committee Republicans on Financial Services and the House Committee on Agriculture will continue to work with legislators on both sides.

It is to be noted that the entire hearing was to focus on establishing clear regulations around crypto and to prevent bad actors from thriving. A lot of rules were to be redefined in order to remove hegemonic control of the crypto trading industry by a few top trading firms.

Best Crypto to Buy Now – Smart Investor Picks to Leverage Market’s Volatility

With regulatory aspects of crypto being the top topic of discussion, the focus is now on finding the bad actors of crypto. While there are many who are against Maxine Waters’ objection, there is some reason to believe that manipulation is happening behind the scenes. For instance, Donald Trump’s declaration of a Strategic Bitcoin Reserve pushed the BTC value up drastically for two days before the value corrected again.

Furthermore, the introduction of the Official Trump token and WLFI presale is also concerning, which removes all thoughts that rules created for crypto would be unbiased. Therefore, investors should expect a high degree of volatility and pick crypto ICOs that can provide major upsides in the long term.

BTC Bull

The Bitcoin price has already faced the direct impact of the recent crypto-related hearing, as its price has surged parabolically—over 2.3%—in the last 24 hours. However, because the price action is spiky, investors are better off picking assets that could gain from Bitcoin’s growth.

And the perfect crypto ICO to do that is BTC Bull. With its simple mascot of a bull that is bullish about Bitcoin, BTC Bull creates an ambiance of positivity around Bitcoin.

But it is not just the ambiance that has led to it raising upwards of $5 million. Jacob Crypto Bury, a prominent cryptocurrency analyst, has highlighted that the token’s unique perks make it different from other meme coins.

The differential factor comes from the lack of pursuit of a long-term utility. BTC Bull is a simple meme coin, and it is comfortable with that. All its core mechanics consist of token burns and Bitcoin airdrops. These events will happen repeatedly when the Bitcoin price reaches particular levels, starting from $125K.

Few are the projects that make an effort to collect the growth vibes that trickle down from Bitcoin once it surges. BTC Bull is possibly the first one to do it, which makes it a one-of-a-kind crypto.

SUBBD

SUBBD is a utility crypto that plays