Digital Asset Payments Create A On line casino For Crypto Billionaires, Rep. Maxine Waters Says 

Congresswoman Maxine Waters is doubling down on her pushback in opposition to the Republican-led “Crypto Week” in a brand new July 16 press launch.

Maxine Waters Slams Trump’s Crypto Ties

Within the scathing Monday press launch revealed on the Democrats’ U.S. Home Committee on Monetary Companies web site, Waters claimed that the three key items of crypto laws below congressional evaluation this week would create “a on line casino for crypto billionaires to make extra income.”

“For weeks, Home Monetary Companies Rating Member Maxine Waters has sounded the alarm on the grave risks the so-called CLARITY and GENIUS Acts will pose to our monetary system,” the press launch states. “These payments throw hardworking Individuals below the bus, placing them in danger for a future monetary disaster—all to legitimize Donald Trump’s crypto scams.”

Waters additionally slammed U.S. President Donald Trump’s digital asset ventures as “rising crypto crimes” and lambasted Republicans’ hesitancy to enact provisions that will restrict Trump’s affiliations throughout the sector throughout the items of crypto laws.

“The one remaining answer to cease Trump’s crypto grift and defend shoppers? Vote NO on the so-called CLARITY and GENIUS Acts,” the press launch concludes.

Crypto Laws Advances After Trump Assembly

Waters’ critiques got here the identical day as Congress voted 215-211 in a procedural vote on three digital asset payments after a failed vote on Tuesday.

Following Tuesday’s vote, Trump met with a number of U.S. lawmakers who, “after a brief dialogue,” agreed to advance the crypto laws.

“I’m grateful for President Trump getting concerned tonight to make sure that we will go the GENIUS Act tomorrow and agreeing once more to assist us advance further crypto laws payments within the coming days,” Speaker of the Home Mike Johnson mentioned in a July 15 assertion.

As “Crypto Week” continues, it could solely be a matter of time earlier than the items of digital asset laws discover a path ahead to be ratified into legislation.

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