Trump will trigger another ‘disastrous meltdown’ in crypto markets, warns top Democrat – DL News
- Maxine Waters warns federal shutdown raises risk of repeat meltdowns.
- Oversight agencies are paralysed, she says.
The crypto crash has become political.
Democrats are warning that the ongoing government shutdown is setting the stage for another market disaster, arguing that paralysis at federal oversight agencies leaves American investors dangerously exposed.
Representative Maxine Waters, the top Democrat on the House Financial Services Committee, made the accusations in a statement marking the 21st day of the shutdown, which she blamed on the Republicans.
“These risks are only amplified as Trump and Republicans in Congress work to integrate crypto into the traditional financial system without first establishing the proper guardrails —…
