According to Bloomberg, U.S. Representative Maxine Waters has announced her candidacy for chair of the House Financial Services Committee and, in a letter to Democratic lawmakers, proposed strengthening scrutiny of the digital asset industry and establishing “strict but fair” rules for legitimate crypto businesses. Another contender, Sean Casten, stated he will address the emerging risks posed by cryptocurrencies, prediction markets, and artificial intelligence, and examine Trump’s ties to the crypto industry. Democratic lawmakers are expected to decide on the committee chair in the coming weeks. https://wublock123.com/news/maxine-waters-runs-for-house-financial-services-chair-crypto-scrutiny-71521