“The bill presents several serious risks: it exposes consumers to exploitation by bad actors in the crypto industry, undermines national security, and ignores Donald Trump’s escalating conflicts of interest tied to his personal involvement in cryptocurrency,” Waters wrote.
Published on the Democrats’ U.S. House Committee on Financial Services website, Waters slammed the Digital Asset Market Clarity Act of 2025, better known as the CLARITY Act.
The Guiding and Establishing National Innovation For U.S. Stablecoins (GENIUS) Act is also being considered alongside the CLARITY Act and anti-Central Bank Digital Currency (CBDC) provisions. While the pieces of digital asset legislation are widely seen as positive by the crypto community, critics of the bills argue that they lack necessary regulatory oversight and potentially allow politicians to profit from their own cryptocurrencies.
Waters’ latest press release comes the same day U.S. lawmakers are slated to hold a floor vote on key crypto legislation amid Republicans’ self-declared “Crypto Week.”
