[Maxine Waters: Binance Security Incident Reflects the Need for Stronger Regulation] Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, issued a statement saying the Binance security incident reflects the need for stronger accountability in the crypto industry. Waters criticized the deregulation agenda pushed by Trump and congressional Republicans, arguing that it weakens compliance requirements and oversight in the crypto industry. Waters stated that committee Democrats will push for stronger consumer protections, stricter financial crime prevention, cybersecurity standards, and genuine accountability for the crypto industry.