Maxine Waters Says ‘Crypto Is Inevitable,’ Other Countries Are ‘Way Ahead’ Of The United States
Rep. Maxine Waters (D-Calif.), a key Democrat and influential voice in the House Financial Services Committee, has been a vocal critic of the crypto sector over the past two years.
What Happened: In an interview with Punchbowl News, Waters now acknowledged a shift in her perspective on the industry, stating, “Crypto is inevitable. There are countries that are way ahead of us.”
This marks a notable change in tone for Waters, who has previously focused on advocating strict regulatory measures for the crypto sector.
The political environment around crypto has evolved recently, and the changing stance among Democrats may have influenced Waters’ outlook.
Vice President Kamala Harris has started to adopt a more business-friendly approach, including a cautious acceptance of crypto.
Earlier this month, during a fundraiser, Harris indicated her administration’s intent to “encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
Waters’ comments were made in response to questions …
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