Trump's' Crypto Committee 'Defeated in First Congressional Vote, Influence Doubted

Odaily Daily reported that the "Crypto Commission" established by Trump failed to exert its expected influence in the first crucial vote of Congress, leading to doubts about the abilities of White House crypto and AI czar David Sacks and executive director of the Digital Asset Advisory Committee Bo Hines. The committee aims to promote cryptocurrency related legislation, but failed to make a breakthrough in the recent vote on a bill on stablecoin regulation. Analysts point out that the committee's low-key operation and lack of clear policy direction make it difficult to gain sufficient support within Congress. In addition, the involvement of Trump himself and his family in cryptocurrency projects such as Trump Token and World Liberty Financial has raised concerns about ethical and conflicting interests, further weakening the credibility of the committee. Democratic lawmakers have expressed concern about these potential conflicts of interest, believing that they may affect the fairness of relevant legislation. At present, Trump's "Crypto Commission" faces a dual challenge of reshaping its image and enhancing its influence. (New York Post)