The leading Democrat of House Financial Services Committee, Rep. Maxine Waters, will block the efforts to hold a joint consultation between her committee and the House Agriculture Committee on Monday’s newly revealed market structure discussion draft.

Under the house rules, all participants in a joint consultation must agree to continue. Waters will object to the joint consultation and prevent it from continuing as planned, a democratic employee Coindesk told, pointing to US President Donald Trump’s recent and rising commitment with Crypto.

The financial services and agricultural committees announced that they would host a joint consultation on market structure issues last week, and revealed the first text that addressed the question – including how Securities and Exchange Commission and Commodity Futures Trading Commission would oversee Crypto – earlier Monday.

“Ranking member Maxine Waters has been an incredible vocal about Trump’s crypto crimes and has been pushing Republicans to investigate these crimes,” the employee said. “Prior to tomorrow’s consultation, Ranking Member Water’s President Hill gave a phone call and told him she would not approve this consultation unless Republicans included provisions in their legislation to prevent Trump from further benefiting from crypto from the investors’ back.”

Politico first reported that Waters would object to the joint consultation.

In recent days, Trump announced he would host a dinner for the 220 games that had the most Trump Memecoins. One of his children, Eric Trump, announced just last week that Abu Dhabi investment company MGX would use World Liberty Financial’s USD1 StableCoin to close his invest in Crypto Exchange. Shipping technologies, a listed logistics company, also said last week that it would buy $ 20 million in Trump coins with the explicit purpose of trying to influence trade policy.

The Democratic employee told Coindesk that Waters and other Democrats in the Committee on Financial Services would hold their own hearing, investigating Trump’s various crypto tapes, which would include the world’s Liberty Financial.

A spokesman for the Financial Services Committee’s chairman, French Hill, said in a statement that “Since the last Congress, we have had productive Bipartisan, Bikameral discussions on market structure legislation. We urge the ranking member to attend tomorrow’s hearing to express her views and re -oversee her decision to make a resolution.”