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Digital Assets

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Crypto Crime: “It Is Ironic That Republicans are Holding This Hearing on Crypto Crime While Simultaneously Working to Undermine Our National Security.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” It is ironic that Republicans are holding this hearing on crypto…

Maxine Waters, Ranking Member, Calls on Meta to Provide Answers Regarding Digital Asset Plans

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Mark Zuckerberg, Founder, Chairman and Chief Executive Officer of Meta Platforms, Inc. (formerly Facebook, Inc.); and Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. In the letter, Congresswoman Waters expresses concern with Meta’s filing of five…

Ranking Member Waters Delivers Opening Statement at Full Committee Markup: “…I Have a Question for the Speaker and MAGA Republicans: ‘When Are You Going to Stop Turning Your Back on Democracy, Both at Home And abroad?’”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. When I was Chairwoman of this Committee last Congress, this Committee came together after Russia’s unprovoked invasion of Ukraine, to craft bipartisan legislation aimed at protecting Ukraine and holding Russia…

Ranking Member Waters Calls on Treasury Department, SEC to Share Analysis on Republican Digital Assets Market Structure Bill

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Janet Yellen, the Secretary of the United States Treasury along with Gary Gensler, Chair of the Securities and Exchange Commission (SEC), urging the two agencies to share their analysis on the draft digital assets market structure legislation released by Committee Republicans…

Ranking Member Waters Urges Chair McHenry to Immediately Convene Hearing Examining Impact of Artificial Intelligence on Housing, Financial Services and Consumers

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, urging McHenry to immediately convene a hearing to explore the implications of generative Artificial Intelligence (AI) on housing and financial services. In the letter, Ranking Member Waters sounds the alarm on…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing on Digital Assets: “…Our Securities Laws—Which Have Worked For Every Other Industry For 90 years—Can Also Work For Crypto Firms.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” Good afternoon. Last week, Republicans posted a bill that would rewrite our nation’s securities and commodities laws.…

Waters Releases Report Celebrating Four Years of Historic Committee Achievements

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently…

Waters Announces May Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of May: Wednesday, May 11 at 10:00 AM ET: The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene for a hybrid hearing entitled, “A Notch Above? Examining the Bond Rating Industry.” …

Waters Statement on President Biden’s Executive Order on Digital Assets, Including Cryptocurrencies, Stablecoins, and Central Bank Digital Currencies

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to President Biden’s Executive Order on Digital Assets: “President Biden’s Executive Order on digital assets is an important step in furthering our understanding of how cryptocurrencies and other digital assets will shape the future of our…

Waters Delivers Opening Statement at December Full Committee Hearing with Cryptocurrency Industry Leaders

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.” Today’s hearing is part of this Committee’s ongoing review of digital assets. Earlier…

Waters Announces Cryptocurrency CEOs to Testify at Full Committee Hearing

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the December 8 full Committee hybrid hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”   Jeremy Allaire, Co-Founder, Chairman and CEO,…

Waters on Central Bank Digital Currencies: It Is Vital That Our Central Bank Has Powerful Tools to Achieve Its Mandate

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on National Security, International Development and Monetary Policy hearing entitled, “The Promises and Perils of Central Bank Digital Currencies.”  Thank you, Chairman Himes for hosting this hearing, part of a series that this…

Waters on Crypto, Financial Independence, and Early Retirement: We Have Begun a Thorough Examination of This Marketplace 

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Oversight and Investigations hybrid hearing entitled, “America on “FIRE”: Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” Thank you very much, Chair Green. Congress and regulators face many…

Waters Announces Digital Assets Working Group

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced at the first hearing held by the Task Force on Financial Technology that she has organized a Digital Assets Working Group of Democratic Members. “As cryptocurrencies, central bank digital currencies and other digital assets enter the mainstream, the Committee will look at how…

Waters Opening Statement at Hearing on Central Bank Digital Currencies Announces Digital Assets Working Group of Democratic Members

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the Task Force for Financial Technology virtual hearing entitled, “Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies.”  Thank you very much, Chair…

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