Hakeem Jeffries Raises Alarms Of 'Real Time Corruption' With President Trump's Crypto Actions

At a press briefing on Tuesday, House Democratic Leader Hakeem Jeffries was asked about crypto regulations.

Transcript

00:00I'll go to the back row.

00:01The crypto industry spent heavily in 2024 in a lot of key races across the country,

00:06and they're expected to do similarly in 2026.

00:08You've seen some internal divisions among Democrats in the Senate and the House around this crypto.

00:15Are you concerned at all at the spending and its potential influence on legislation?

00:20Well, crypto spent both for Democrats and Republicans.

00:24Certainly that was the case in the House of Representatives,

00:26because there are allies of the crypto industry on both sides of the aisle in the House,

00:32and that was reflected in the crypto industry's engagement.

00:35I think the best thing that can happen in terms of moving forward

00:38is that we arrive at a bipartisan solution in terms of the legislation that is pending in the Congress,

00:49because that's the only way for it to be sustainable.

00:53When you make an issue partisan, and at this point crypto is not partisan,

00:59Donald Trump is a separate problem that has to be addressed.

01:05You know, the real-time corruption in terms of the friends and family program

01:09to monetize Trump's office and enrich parts of the family, in part by using crypto,

01:18that is a problem that has to be addressed decisively.

01:23And we're committed to doing that as Democrats.

01:26But when you take away that piece of it, which is a very important piece,

01:33I think substantively, figuring out how we arrive at a bipartisan resolution

01:42of the crypto issues that are currently pending before Congress

01:47is what will best serve the American people

01:50and also best serve an appropriately regulated industry

01:56that allows for innovation but also has guardrails to protect the American consumer.

02:05Thanks.

02:05A lot of questions today.