On the fifth and final day of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are doing a deep dive into Trump’s staggering personal fortune made solely from his crypto schemes—$1.2 billion and counting, according to a Forbes investigation. Source: Forbes From day 1 in office, Trump has been doing everything in his power to ensure crypto watchdogs were put down an... Read More »
Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast H.R. 1919, the Republicans’ so-called “Anti-CBDC Surveillance State Act,” a bill that would immediately halt and prohibit the United States from exploring the potential benefits of a central bank digital currency, or CBDC. “Over the hours, we will hear arguments fr... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast S. 1582, the Republicans’ so-called “GENIUS Act.” This bill lacks critical provisions to maintain the longstanding separation of banking and commerce, protect consumers, preserve our national security, promote financial stability, and importantly, fails to address... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast H.R. 3633, Republicans’ so called “CLARITY Act.” The bill presents several serious risks: it exposes consumers to exploitation by bad actors in the crypto industry, undermines national security, and ignores Donald Trump’s escalating conflicts of interest tied to h... Read More »
AFL-CIO (largest labor union in U.S.): So-called CLARITY and GENIUS Acts “pose risks to both retirement funds and to the overall financial stability of the U.S. economy.” “We need to make sure that the financial system is stable instead of creating a casino for crypto billionaires to make more profits” For weeks, House Financial Services Ranking Member Maxine Waters has sounded the alarm on the gr... Read More »
On Day 4 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are exposing how Donald Trump has sidelined crypto criminal watchdogs—so no one would be watching him. He stripped away the oversight mechanisms meant to keep crypto corruption in check, clearing the way for him and his allies to profit off their crypto cons in the shadows, unchecked. One of Trump’s first... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full Committee hearing entitled, “Dodd-Frank Turns 15: Lessons Learned and the Road Ahead.” “Thank you very much, Mr. Chairman. Good morning, everyone. Before I discuss today’s hearing topic, we just got news that inflation has jumped to 2.7% as Trump’s ... Read More »
On Day 3, Ranking Member Waters and Committee Democrats are outlining how Trump’s World Liberty Financial Grift is a dangerous backdoor for selling influence over American policies to the highest foreign bidder. If you thought the private jet Trump accepted from the UAE was egregious and beyond the pale, keep reading. It gets even worse. World Liberty Financial has received a significant portion o... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the House Rules Committee to strongly oppose three deeply flawed Republican crypto bills, including H.R. 3633, the “CALAMITY Act,” S. 1582, the “UNSTABLE Act,” and H.R. 1919, the “Anti-Innovation Act.” The three bills are scheduled for a vote on the H... Read More »
On Day 2 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are shining a light on Trump’s shady crypto venture, World Liberty Financial. Drawing from the New York Times’ exposé : Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm. World Liberty Financial (WLF), a self-described Decentralized Finance cryptocurrency firm... Read More »
As part of Anti-Crypto Corruption Week, House Financial Services Committee Ranking Member Maxine Waters (D-CA) authored an opinion piece for MSNBC sounding the alarm on Republican efforts to advance dangerous crypto legislation this week that risks repeating financial crises of the past. As Waters highlights in the op-ed, these bills would not only weaken critical consumer and investor protections... Read More »
On Day 1 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are shining a light on just how shady President Donald Trump’s memecoin scam really is. In case you forgot, Trump once railed against crypto on Fox Business in 2021 and declared that he wanted the U.S. dollar to remain the “currency of the world.” What changed? He realized just how much money he could mak... Read More »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Ranking Member of the Subcommittee on Digital Assets, Congressman Stephen Lynch (D-MA), announced that next week will be “Anti-Crypto Corruption Week” during which they will lead Democrats in opposition to Republicans’ efforts to jam through the House three dangerous pieces of crypto legislation, in... Read More »
Text of Letter to Banks that Own Zelle (PDF) | Text of Separate Letter to JP Morgan (PDF) Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the Senate Permanent Subcommittee on Inv... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of six amendments to the Republican “Big Billionaire Bailout Bill.” This dangerous legislation is slated to gut the Consumer Financial Protection Bureau (CFPB) and cut critical funding for housing. It will also strip healthcare from 17 million Americans and starve 12 mi... Read More »
