{"id":37418,"date":"2025-07-17T10:02:13","date_gmt":"2025-07-17T10:02:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37418"},"modified":"2025-07-17T10:02:13","modified_gmt":"2025-07-17T10:02:13","slug":"rep-maxine-waters-opposes-crypto-week-calls-it-a-casino-for-crypto-billionaires-to-make-more-profits","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37418","title":{"rendered":"Rep. Maxine Waters Opposes Crypto Week, Calls it \u201ca Casino for Crypto Billionaires to Make More Profits\u201d"},"content":{"rendered":"
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Rep. Maxine Waters opposes the GENIUS and CLARITY Acts, labeling them a \u201ccasino for crypto billionaires.\u201d Bitcoin and Ethereum are gaining traction due to Trump\u2019s pro-crypto policies.<\/em><\/p>\n

Democrats have never fully embraced cryptocurrency; their policies were effected through Gary Gensler and the SEC. The regulator adopted an enforcement-heavy approach, targeting crypto firms through initiatives like Chokepoint 2.0, which directed banks to limit services to crypto businesses.<\/span><\/p>\n

That era ended when Donald Trump won the presidency, promising to make America a crypto hub.<\/span><\/p>\n

Since taking office, Trump has implemented changes to create a supportive environment for crypto, appointed a pro-crypto SEC chair, and opened new avenues for the industry to thrive. <\/span><\/p>\n

Bitcoin, the world\u2019s most valuable crypto, is now trading above $119,000, peaking at $123,000 this week, as institutions rushed to buy. <\/span><\/p>\n

Reflecting on this shift, Spot Bitcoin ETFs have seen massive inflows. BlackRock\u2019s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF, now manages over $86 billion, up 2% in 24 hours. <\/span><\/p>\n

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\"btc<\/div>\n
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Bitcoin<\/div>\n
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$2.37T<\/div>\n<\/div>\n<\/div>\n<\/div>\n
24h<\/span>7d<\/span>30d<\/span>1y<\/span>All time<\/span><\/div>\n<\/div>\n

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Capital is also flowing into Ethereum, making \"ethETH \u25b210.21%<\/span><\/a> one of the <\/span>best cryptos to buy<\/span><\/a>.<\/span><\/p>\n

Rep. Maxine Waters opposes the pro-crypto GENIUS and CLARITY Acts, labeling them a \"casino for crypto billionaires\"<\/p>\n

(<\/span>Source: SosoValue<\/span><\/a>)<\/span><\/strong><\/p>\n

Maxine Waters Attacks Crypto Bills<\/span><\/h2>\n

However, not everyone supports Donald Trump\u2019s administration and its actions on crypto regulation and creating a clear regulatory framework.<\/span><\/p>\n

Representative Maxine Waters, a ranking House Financial Services Committee member, criticized the Republican-led \u201cCrypto Week.\u201d<\/span><\/p>\n

In a press release yesterday, Waters lambasted the proposed GENIUS and CLARITY Acts, stating they create a \u201ccasino for crypto billionaires to make more profits.\u201d <\/span><\/p>\n

Her position aligns with other Democrats who raise concerns about consumer protections, financial stability, and potential <\/span>conflicts of interest<\/span><\/a>, given the president\u2019s meme coin and his family\u2019s crypto-related businesses. TRUMP is one of the <\/span>top Solana meme coins<\/span><\/a>, commanding a market cap of nearly $2 billion.<\/span><\/p>\n

DISCOVER:\u00a0Top Solana Meme Coins to Buy in July 2025\u00a0<\/a><\/strong><\/p>\n

The GENIUS and CLARITY Acts<\/span><\/h2>\n

Waters\u2019 comments follow discussions around the GENIUS and CLARITY Acts this week.<\/span><\/p>\n

The GENIUS Act aims to establish a regulatory framework for stablecoins. Tokens minted under this act must hold treasuries, track the USD, disclose monthly reserves, and comply with AML regulations.<\/span><\/p>\n