stable coins
By Bruce Buterin
1 / 15
Four Critics, Four Committees. It's not just Waters. The source article lays out a pretty grim scorecard for the industry.
2 / 15
The Clarity Act's Narrow Window. The Clarity Act is already in trouble in the Senate regardless of who runs what.
3 / 15
Industry Tries to Stay Bipartisan. Digital Chamber CEO Cody Carbone is pushing back on the doom framing.
4 / 15
Maxine Waters is probably coming back. If Democrats flip the House, the California congresswoman reclaims the gavel at the House Financial Services Committee — and that's a very…
5 / 15
Waters has already made her feelings clear. She called the Digital Asset Market Clarity Act the "Calamity Act." Not a subtle critique.
6 / 15
That number is striking. The Senate is murkier — Kalshi hasn't pinned it down the same way, and control there looks more contested.
7 / 15
It's not just Waters. The source article lays out a pretty grim scorecard for the industry. Representative Shontel Brown could chair the House Agriculture Committee.
8 / 15
Brown has a track record here. She's voted against multiple digital asset bills, including the Clarity Act, on the grounds that they don't deal seriously with corruption risks.
9 / 15
Warren is, if anything, harder. She's opposed crypto measures even when her own Democratic colleagues backed them. Her critics in the industry basically see her as immovable.
10 / 15
And Bennet? He's introduced legislation specifically aimed at restricting crypto activities among government officials. That's not a neutral posture.
11 / 15
Related: CLARITY Act Senate Delay Hits 88% Kalshi Odds as Coinbase Fumes
12 / 15
The Clarity Act is already in trouble in the Senate regardless of who runs what. Waters' opposition in the House makes its path narrower still.
13 / 15
Waters' history with crypto is more complicated than a simple "no." She came close on a stablecoin bill back in 2022. Close. It didn't cross the line, but she was engaged.
14 / 15
Still, "close" in 2022 didn't produce a law. And the political environment has shifted since then, with Trump's administration leaning hard into crypto, which has made Democratic…
15 / 15
Digital Chamber CEO Cody Carbone is pushing back on the doom framing. His line is that crypto is non-partisan and that his organization will keep working across the aisle no…
The Currency Analytics
Want the full story?