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Ranking Member Waters Delivers Opening Statement During Subcommittee Hearing on Digital Assets, Market Structure: “We Do Not Need to Create an Entirely New and Special Framework for Crypto—We Already Have One.”
Washington, DC, April 27, 2023
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a Subcommittee hearing on Digital Assets, Financial Technology and Inclusion entitled, “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure."
Last week, I questioned SEC’s Chair Gensler if the agency has the authority it needs to bring crypto companies and exchanges into compliance with our securities laws, which have served investors and the markets for the past 90 years. His response was unequivocally yes, and the SEC’s success in the courts proves his point.