The Democratic leader of the U.S. House Financial Services Committee, California Rep. Maxine Waters, echoed the concerns of many cryptocurrency users and lawmakers who have accused Trump of harming legitimate projects in the cryptocurrency industry with the launch of Meme. Waters said in a statement on Jan. 20 that Official Trump (TRUMP) represents "the worst of Crypto" and...
Maxine Waters, the top Democrat on the House financial services committee, said she hoped to reach a "significant agreement" on stablecoin legislation by the end of the year. Waters stressed that the new bill should prioritize consumer protection and strong federal regulation, while allowing multiple avenues for the creation of stablecoins, with the Federal Reserve playing a leading role.