[Maxine Waters Runs for House Financial Services Committee Chair, Says She Will Legislate to Regulate Crypto Industry and Prediction Markets] According to Foresight News, citing POLITICO, Maxine Waters, the ranking Democrat on the House Financial Services Committee, announced her candidacy for the committee's chair in a letter to her colleagues. In the letter, Waters stated that she will push for legislation to "stop Trump's crypto corruption," establish "strict but fair" rules for legitimate crypto businesses, and create safeguards for consumers, small businesses, community banks, and the financial system. She also stated that she will regulate "predatory lending and predatory platforms," including prediction markets, and strengthen regulation of the private equity industry. Waters has served as the committee's ranking Democrat since 2013. This run faces a challenge from Illinois Representative Sean Casten, and fellow Illinois Representative Bill Foster is also considering running but is currently leaning towards not running.