As Democrats gain in odds to take U.S. House, Waters bashes SEC chair on crypto

Democratic chances of gaining control of the U.S. House have increased, prompting Rep. Maxine Waters to criticize SEC Chair Gary Gensler regarding his handling of cryptocurrency regulations. Waters accused Gensler of being overly aggressive in his enforcement actions, which she believes stifles innovation in the crypto space. She emphasized the need for clearer regulatory guidelines to support the industry while ensuring consumer protection. The comments reflect growing tensions between lawmakers and regulatory bodies as the crypto sector continues to evolve.

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