Maxine Waters admits crypto is “inevitable” amid industry growth.
Robinhood is considering launching a stablecoin to challenge Tether’s dominance.
Gary Gensler avoids commenting on a Bitcoin reserve fund during a CNBC interview
U.S. Representative Maxine Waters, a well-known critic of the cryptocurrency industry, recently acknowledged that crypto is “inevitable” during an interview. In a recent Thinking Crypto podcast, host Tony Edward analyzed this unexpected shift in Waters’ stance and its implications for the market.
As the top Democrat on the House Financial Services Committee, Waters pointed out how the political landscape has evolved with the global rise of digital currencies. Her remarks mark a notable departure from her previous support for stringent crypto regulations, often aligned with SEC Chair Gary Gensler’s tough stance.
Waters’ comments come as bipartisan efforts in Congress are advancing toward clearer crypto legislation. Senate Majority Leader Chuck Schumer has voiced a goal to make substantial progress by year-end.
Robinhood Eyes Stablecoin Market
During the podcast, Edward also discussed reports of online brokerage Robinhood explor…
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