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Day 5: Crypto Has Made Trump $1.2 BILLION Richer – and Counting

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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…

Ranking Member Maxine Waters Slams Republicans’ “UNSTABLE Act”: “The UNSTABLE Act Creates the Appearance of a Federal Framework for Stablecoins, but It Does Not Provide the Federal Government With the Full Authority It Needs.”

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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…

Ranking Member Maxine Waters Blasts Republicans’ “CALAMITY Act”: “If We Do Not Ban Elected Officials, Including the President or Vice President, from this Crypto Corruption in H.R. 3633, Each of Us Will Be Complicit.”

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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…

Where Do Groups Stand on Dangerous Republican-led Crypto Bills? Keep Reading.

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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…

Ranking Member Maxine Waters at Rules Committee on Dangerous Crypto Bills: “Republicans’ Next Order of Business Is a Billion-Dollar Handout to the President Himself.”

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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…

Ranking Member Waters Pens Op-ed in MSNBC Slamming Republican-Led Crypto Bills

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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…

Waters and Lynch Announce Anti-Crypto Corruption Week

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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…

Ranking Member Maxine Waters Announces Passage of 10 Bipartisan Bills

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed ten bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 3422, the “Promoting…

Ranking Member Maxine Waters Calls on Appropriators to Fund Critical Programs to Combat Housing Crisis, Support Small Businesses and Protect Investors

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund programs that would address our nation’s worsening housing and homelessness crises; support small, minority-owned businesses; and protect our nation’s investors and…

Ranking Member Waters Leads Committee Democrats in Historic Fight Against Dangerous Republican CALAMITY Act, Warns of Financial Crisis

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led Committee, Democrats in a markup to stop Republicans’ dangerous crypto market structure bill, the “CALAMITY Act.” For several weeks, Congresswoman Waters has led Committee Democrats in warning both Members of Congress and the American people on the dangerous implications of this bill. For…

Ranking Member Maxine Waters on the CALAMITY Act: “This Is Trump Destruction Syndrome Because Everything this President Touches, He Destroys.”

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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 full Committee markup. “Good morning, and thank you, Chairman Hill. As we sit here, Trump has violated the sovereignty of my state of California, federalizing the National Guard and sending the Marines into Los Angeles. This is…

Ranking Member Waters on Complexity Act, Trump Loopholes: We Have Been Left With No Choice but to Convene This Hearing

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement during the Democratic hearing exploring Trump’s crypto crimes and the implications of the Republican-led crypto market structure bill. This hearing follows a request from the entire Committee Democratic caucus urging a Minority Day hearing to properly explore…

Ranking Member Waters and Committee Democratic Caucus Request Minority Day Hearing to Properly Explore Trump’s Crypto Crimes and Analyze Republican Market Structure Bill

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led all of the Democratic members on the Committee in requesting a follow-up hearing to today’s session exploring the Republican-led crypto market structure bill. This follow-up hearing, known as a “Minority Day Hearing,” would feature a second panel of witnesses, selected by…

Ranking Member Maxine Waters: “Sadly, Legitimizing Trump’s Crypto Con is Far from the Only Terrible Thing About This Confusing and Reckless Legislation. In Fact, This Bill Should Actually Be Called the COMPLEXITY Act.”

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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 full Committee hearing entitled, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” “Thank you very much, Mr. Chairman. I too would like to have productive dialogue. But it’s very…

Ranking Member Maxine Waters Requests SEC Chair Analyze Impact of Untested and Complicated Republican Crypto Bill

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. In the letter, Congresswoman Waters is requesting a full technical and impact analysis of the CLARITY Act. This request comes ahead of tomorrow’s hearing being held by Committee Republicans to discuss…

Ranking Member Maxine Waters and Committee Democrats Introduce the “Stop TRUMP in Crypto Act of 2025”

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Landmark legislation will put an end to Trump’s crypto corruption and protect America’s investors. Bill prohibitions extend to Members of Congress. Waters introduces bill HOURS before Trump’s corrupt memecoin dinner. Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Committee Democrats introduced H.R. 3573, the “Stop Trading,…

Ranking Member Maxine Waters: “This Isn’t the Golden Age Trump and Republicans Promised, This Is the Trump Slump, and While Trump and His Insiders Won’t Feel the Pain – My Constituents Do.”

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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 full Committee markup. “Thank you very much, Mr. Chairman. Good morning, everyone. Since the last time this full Committee convened, economic conditions for our nation’s consumers and investors have grown even worse. And this is…

ICYMI: Ranking Member Maxine Waters Leads Committee Democrats in Walkout of Sham Republican Crypto Hearing, Holds Democratic Hearing on Trump’s Crypto Corruption

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    This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats including Representatives Brad Sherman (D-CA), Stephen Lynch (D-MA), Bill Foster (D-IL), Sean Casten (D-IL), and Sylvia Garcia (D-TX), in blocking a joint crypto hearing held by Republicans on the Financial Services and Agriculture Committee…

Ranking Member Maxine Waters: “Secretary Bessent, You Are About to Go Down in History as the Man Who Oversaw One of the Most Significant Economic Downfalls in Modern History.”

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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 full Committee hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” “Thank you, Mr. Chairman.  “Since the very first day of the Trump Administration,…

Ranking Member Maxine Waters at Democratic Hearing on Trump’s Crypto Corruption: “Republicans Aren’t Just Ignoring Trump’s Corruption, They Are Legitimizing Trump and His Family’s Efforts to Enrich Themselves on the Backs of Average Americans.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, blocked the originally scheduled Financial Services and Agriculture Committee joint committee hearing following Chairman Hill’s refusal to include provisions in legislation blocking President Donald Trump from further enriching himself with crypto. In response, Waters convened a separate…

BREAKING: Republicans Voted to Give Billionaires $7 Trillion Tax Cut and Drive U.S. Toward 2008-Style Recession

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    After a catastrophic first 100 days in office, during which President Trump has wrecked the economy and put the United States on track toward a recession, on Wednesday, Committee Republicans doubled down on this dangerous agenda by voting to advance the Billionaire Tax Cut bill out of Committee. This bill is riddled with harmful, deregulatory, and flat-out dangerous…

ICYMI: Committee Republicans Passed Dangerous “UNSTABLE Act” Allowing Trump and Elon Musk to Enrich Themselves Through Stablecoins and Rob Investors Blind

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    On Wednesday, Committee Republicans passed a dangerous bill that would empower President Trump, his family, and his insiders – including billionaires like Elon Musk – to continue exploiting the power of the Presidency to establish multiple crypto schemes, including a stablecoin, to enrich himself and his family. This Republican bill, misleadingly titled the “STABLE Act,”…

Ranking Member Maxine Waters: “If There Is No Effort to Block the President of the United States of America from Owning His Stablecoin Business, I Will Never Be Able to Agree On Supporting This Bill.”

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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 full Committee markup. Thank you very much, Mr. Chairman. When I was Chair of this Committee, I launched the Congressional effort to create a federal framework around stablecoins. I wanted robust protections, especially in the…

Trump’s Late-Night Assault on Community Development Financial Institutions Will Harm Rural and Other Underserved Communities

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In recent weeks, Trump took his assault on small businesses another step further by signing an Executive Order to gut the Community Development Financial Institutions Fund (CDFI Fund). For 30 years, CDFIs have stepped up to the plate to provide needed support for consumers and small businesses in rural, native, suburban, and urban communities. This Executive Order will have a massive…

Ranking Member Maxine Waters: “Trump Is an Equal Opportunity Destroyer of Finances”

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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 full Committee hearing entitled, “Beyond Silicon Valley: Expanding Access to Capital Across America.” Good morning. Thank you very much, Mr. Hill. Before I begin, I want to comment about the outrageous national security breach…

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