Digital Asset Bills Create A Casino For Crypto Billionaires, Rep. Maxine Waters Says
2025-07-16 20:47:22
Main Idea
Congresswoman Maxine Waters criticizes Republican-led crypto legislation, calling it a 'casino for crypto billionaires' and condemns President Trump's involvement in digital asset ventures.
Key Points
1. Maxine Waters opposes the Republican-led 'Crypto Week' and the proposed 'CLARITY' and 'GENIUS Acts,' claiming they benefit crypto billionaires at the expense of hardworking Americans.
2. Waters labels President Trump's digital asset ventures as 'growing crypto crimes' and criticizes Republican support for the legislation.
3. Congress voted 215-211 to advance the crypto legislation, with Trump meeting lawmakers to ensure its progress.
4. Speaker of the House Mike Johnson expressed gratitude for Trump's involvement in advancing the 'GENIUS Act' and other crypto legislation.
Description
Congresswoman Maxine Waters is doubling down on her pushback against the Republican-led “Crypto Week” in a new July 16 press release. Maxine Waters Slams Trump’s Crypto Ties In the scathing Monday press release published on the Democrats’ U.S. House Committee on Financial Services website, Waters claimed that the three key pieces of crypto legislation under congressional review this week would create “ a casino for crypto billionaires to make more profits.” “For weeks, House Financial Services R...
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