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Maxine Waters Warns GOP Crypto Bills Could Trigger America’s First Crypto-Financial Crisis

2025-07-15 20:14:11

Maxine Waters Warns GOP Crypto Bills Could Trigger America’s First Crypto-Financial Crisis

Main Idea

Representative Maxine Waters warns that GOP crypto bills could lead to America's first crypto financial crisis by lacking proper regulations and enabling corruption.

Key Points

1. Maxine Waters criticizes the GENIUS Act and CLARITY Act for promoting minimal regulations, weak consumer protections, and industry consolidation.

2. Waters claims the bills would legalize crypto corruption, referencing Donald Trump's $TRUMP memecoin launch in January 2025.

3. She predicts that if these bills pass, America will face its first crypto financial crisis, with Republicans deflecting blame.

4. Political polarization over crypto intensifies as Republicans celebrate 'Crypto Week' while Democrats declare 'Anti-Crypto Corruption Week'.

5. Waters and Congressman Stephen Lynch argue the bills would make Congress complicit in Trump's crypto-related corruption.

Description

The United States is heading for its first crypto-financial crisis thanks to “GOP crypto bills” set to advance through Congress this week, Representative Maxine Waters (D-CA) said in a July 14 op-ed for MSNBC. On Day 3 of Anti-Crypto Corruption Week, I’m sounding the alarm in my @MSNBC op-ed: GOP crypto bills don’t just fail to protect consumers, they greenlight Trump’s billion-dollar crypto grift and invite the next financial crisis. Read more: https://t.co/TEBKJsQjIy pic.twitter.com/j3qDPP8FeM...

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