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Congressman Presses Treasury Secretary on Trump's Crypto Ties

2/4/2026

Summary

Story summary

During a February 4, 2026 House Financial Services Committee hearing, Rep. Gregory Meeks (D-NY) confronted Treasury Secretary Scott Bessent over U.S. President Donald Trump’s policies.
Meeks accused Bessent of shielding Trump over foreign investments in a Trump family-linked cryptocurrency venture.
Meeks demanded increased scrutiny of related bank applications.
Rep. Maxine Waters (D-CA) criticized tariffs for inflation and housing costs.
Bessent defended his position, citing oversight and disputing tariff claims.

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Story summary

During a February 4, 2026 House Financial Services Committee hearing, Rep. Gregory Meeks (D-NY) confronted Treasury Secretary Scott Bessent over U.S. President Donald Trump’s policies.
Meeks accused Bessent of shielding Trump over foreign investments in a Trump family-linked cryptocurrency venture.
Meeks demanded increased scrutiny of related bank applications.
Rep. Maxine Waters (D-CA) criticized tariffs for inflation and housing costs.
Bessent defended his position, citing oversight and disputing tariff claims.