House Democratic leaders plan to obstruct the hearing on the Crypto Assets bill, as the positions of both parties are becoming polarized.

On May 6, Politico reported that Maxine Waters, the top Democrat of the Financial Services Committee of the U.S. House of Representatives, plans to block a joint hearing on the cryptocurrency market structure bill on May 6. Since the joint hearing requires unanimous consent, this may lead to the abortion of the meeting. Waters then planned to lead some Democrats to hold a “shadow hearing” to focus on the Trump family’s entanglement with the crypto industry. The standoff stems from a Republican-driven draft crypto regulatory framework that would assign digital asset regulation to different market regulators. Waters called Republican Membership Committee Chairman French Hill (R-Arkansas) on Saturday to ask him to include provisions targeting the Trump family’s crypto business in the legislation or face obstruction of the hearing. The crypto stance of the Democratic and Republican parties in the United States is dividing. Republicans insisted that legislation should remain neutral, and Rep. Bryan Steil of Wisconsin emphasized that “the bill imposes uniform requirements on all issuers.” The Democrats continue to use the “potential conflict of interest of the Trump family” as an excuse to try to delay the Republican-led crypto-friendly legislative process. The hearing was originally scheduled to discuss a Republican proposal to establish the first comprehensive regulatory framework for cryptoassets in the United States. And the Trump family’s recent business layout in the crypto field, including its official meme coin TRUMP and related DeFi project investments, is becoming the main target of the Democratic Party’s attack on the Republican Party’s legislative motives.