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What's going on, guys? It is Tuesday, May 6th, and today we are talking about a Democrat walkout.

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breakdown pod. Well, friends, the acrimony grows and rancor over crypto in Washington continues as Dems plan a walkout.

Following reports of discontent in the Senate over stable coin legislation, it appears that

House Democrats are planning to disrupt the market structure bill.

Politico and Punch Bull News report that ranking

member Maxine Waters is planning to lead a walkout of a hearing scheduled to be held today.

Titled American Innovation and the Future of Digital Assets, the hearing was set to be held in

conjunction with the House Ag Committee. Several crypto-legal expert witnesses were scheduled to give

testimony on the new draft of the market structure bill.

Now, joint hearings require unanimous consent, so Waters leading a Democrat walkout could prevent the hearing from taking place. Politico writes that Waters plans to, quote, host a shadow

hearing focused on the Trump family's entanglements in the crypto industry. Punchbowl added that

Democrats believe that under House rules, this move will allow them to halt proceedings by denying unanimous consent. This type of hearing with the input of subject matter

experts is the usual first step for major legislation before holding a markup hearing to agree

on a final amendment in the committee stage. In summary, it looks like a well-planned attempt to

halt crypto legislation, which has been widely publicized through the press.

In other words, a big publicity stunt aimed at putting Trump's involvement with crypto companies front and center. House Financial Services Committee Chairman French Hill made a

public plea for Waters to come back to the table and work productively on this bipartisan

...