In brief
- Rep. Maxine Waters has warned the GENIUS and CLARITY Acts would gut consumer protections, limit SEC powers and pose national security risks.
- Crypto industry ties to Trump have raised concerns over influence and oversight.
- Global regulators are closely watching how the U.S. shapes future digital asset rules.
Rep. Maxine Waters (D-Calif.) has sounded the alarm ahead of a key week in Washington, warning that a package of crypto-focused legislation set to go before the House could undermine investor protections, weaken regulatory enforcement, and entrench industry influence.
Writing for MSNBC on Monday, the California Democrat took aim at the CLARITY Act and GENIUS Act, arguing that they prioritize industry interests over consumer…
Jul 15 2025
