Maxine Waters Opposes Bipartisan Crypto Market Structure Bill
- Representative Maxine Waters objected to a new crypto market structure bill during a joint House hearing.
- The bill, supported by both Republicans and Democrats, aims to clarify digital asset oversight responsibilities.
- Waters called the bill part of Donald Trump’s “crypto corruption,” suggesting it could enable unethical financial schemes.
- Nine Democratic senators withdrew support for the GENIUS Act, citing concerns over money laundering and national security.
- Senator Elizabeth Warren raised issues about potential financial benefits to Trump from a linked stablecoin.
During a heated joint House hearing, Representative Maxine Waters criticized a bipartisan crypto market structure bill as enabling “Trump’s crypto corruption.” Nine Democratic senators also withdrew support for the related GENIUS Act, seeking stronger protections.
Source (2.6)https://coingape.com/rep-maxine-waters-slams-crypto-market-structure-bill-calls-it-donald-trumps-crypto-corruption/?rand=24432
