Maxine Waters is pressing the Labor Department to scrap a Trump-backed proposal that would make it easier for 401(k) plans to include crypto and other alternative assets. Supporters call it more choice; critics call it a risky gamble with people’s retirement money.
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Rep. Waters Presses Kansas City Fed Over Kraken’s Master Account Approval: Crypto’s Big Win or Regulatory Blunder? A bombshell decision by the Federal Reserve Bank of Kansas City to grant a Master Account to Kraken, one of the heavyweight cryptocurrency exchanges, has ignited a firestorm of debate. Representative Maxine Waters, a staunch critic of digital […]
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Kraken’s Historic Fedwire Access Sparks Backlash from Top Democrat Maxine Waters A monumental breakthrough for the cryptocurrency industry has ignited a firestorm of debate on Capitol Hill. The Federal Reserve Bank of Kansas City recently granted Kraken Financial, the banking arm of a leading U.S. crypto exchange, a “limited purpose account,” giving it direct access […]
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US Lawmaker Grills Kansas Fed Over Kraken’s Groundbreaking Master Account Approval Representative Maxine Waters, the top Democrat on the House Financial Services Committee, has put the Federal Reserve Bank of Kansas City on notice. In a sharp letter to Fed President Jeff Schmid, she’s demanding answers about their decision to grant Kraken Financial—a crypto-focused subsidiary […]
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Waters Demands Answers: SEC’s Crypto Case Dismissals Ignite Congressional Clash Maxine Waters, the ranking Democrat on the House Financial Services Committee, has thrown down the gauntlet, demanding a congressional hearing to investigate the Securities and Exchange Commission’s (SEC) unexpected dismissal of high-profile cryptocurrency enforcement cases under Chairman Paul Atkins. With the shadow of the Trump […]
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Trump’s Memecoin Dinner Sparks Political Backlash Over Crypto Ties President Donald Trump’s recent decision to host a dinner with top memecoin investors at his Trump National Golf Club has ignited a political firecracker, drawing sharp criticism from figures like Representative Maxine Waters. Memecoins, often created as a joke or for promotional purposes, have become a […]
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US Lawmakers Urge SEC to Preserve Records on Trump-Linked Crypto Firm Senator Elizabeth Warren and Representative Maxine Waters have raised alarms about former President Donald Trump’s financial ties to World Liberty Financial (WLFI), a cryptocurrency company that recently launched a stablecoin. In a letter to the Securities and Exchange Commission (SEC) dated April 2, 2025, […]
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Maxine Waters Unveils Bipartisan Bill to Regulate Stablecoins Representative Maxine Waters has introduced a draft bill aimed at establishing a regulatory framework for stablecoins in the United States, a move that could significantly shape the future of digital currencies. This bipartisan effort, developed over three years, seeks to balance encouraging new developments with robust consumer […]
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