Maxine Waters Leads Democratic Walkout Over Trump Digital Dollar as Senate Plans Stablecoin Bill Vote Thursday; eToro Targets $4 Billion IPO

Tensions escalated on Capitol Hill as Democrats, led by Representative Maxine Waters, staged a walkout during a House Financial Services Committee hearing on digital assets to protest President Donald Trump's family's launch of their own digital dollar. The hearing, which included testimony from industry representatives such as Coinbase and Haun Ventures, aimed to discuss a durable regulatory framework for the digital asset ecosystem. However, many lawmakers had limited familiarity with the U.S. Crypto Structure Bill, which was released less than 24 hours before the meeting.

Democrats raised ethical concerns and accused Trump of conflicts of interest related to his crypto ventures. The party remains divided over Waters' approach. Meanwhile, the Senate is preparing to vote on a bipartisan crypto regulation bill, with ongoing negotiations complicated by some Democratic holdouts. Senate Democrats Ruben Gallego and Mark Warner have led talks on a stablecoin bill, with a deal reportedly reached that includes a largely symbolic amendment addressing Trump’s crypto-related corruption. This amendment is expected to fail, allowing Democrats to claim they addressed the issue while moving forward with the legislation. The Republican-led Senate is anticipated to proceed with a vote on Thursday, although the level of Democratic support remains uncertain. In a related development, Israeli trading platform eToro announced plans for a U.S. initial public offering targeting a valuation of up to $4 billion.