Maxine Waters: Will run for chairman of the House Financial Services Committee and oversee the crypto industry

Maxine Waters, the ranking Democrat on the House Financial Services Committee, announced her candidacy for the committee's chair and stated that she would push for legislation to stop President Trump's crypto corruption, establish rules for crypto companies, and regulate platforms such as prediction markets. Maxine Waters, who has served as the committee's ranking Democrat since 2013, faces a challenge from Representative Sean Casten in this election, while Representative Bill Foster is also considering running. (Source: POLITICO)