Does Maxine Waters Support Crypto?

“The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote.

House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote…”

Maxine Waters was one of the representatives who voted against advancing this pro-crypto legislation

Representative Maxine Waters, speaking before the Financial Services Committee Markup on H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), said the following: "...This bill heeds the calls from the crypto industry while disregarding the views of the Administration, the Securities and Exchange Commission, and consumer and investor advocates. As I have said before, we don’t need to invent new regulatory structures simply because crypto companies refuse to follow rules of the road. Our securities laws have protected investors and retirees for 90 years while supporting capital formation and facilitating innovation. Crypto firms should follow the law, and we should address the narrow gaps identified by the Financial Stability Oversight Council, the SEC, and the GAO..."

Representative Maxine Waters voted against advancing H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, out of the House Financial Services Committee. The recorded vote showed 35 ayes to 15 nays.

H.R. 4763, the Financial Innovation and Technology for the 21st Century Act is a comprehensive market structure bill that would protect consumers, ensure crypto companies have robust rules, and create clarity for job creators and blockchain builders.