According to Bloomberg, U.S. Representative Maxine Waters announced her candidacy for chair of the House Financial Services Committee and, in a letter to Democratic lawmakers, proposed increased oversight of the digital assets industry and the establishment of “strict but fair” regulations for legitimate crypto businesses. Another candidate, Sean Casten, stated he would address emerging risks posed by cryptocurrency, prediction markets, and artificial intelligence, and examine Trump’s ties to the crypto industry. Democratic lawmakers are expected to decide on committee leadership selections in the coming weeks. https://t.co/XthbvHJ5e2
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