Key House Democrats are doubling down on their concerns about crypto corruption, as the lower chamber prepares to take up key digital asset legislation next week.
Reps. Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, and Stephen Lynch (D-Mass.), ranking member of the panel's digital assets subcommittee, said Friday that they will be leading Democrats in opposition to the crypto bills.
In contrast to what Republicans are calling "crypto week," the pair announced that they will be referring to it as "anti-crypto corruption week."
"Republicans are sending a clear message to the American people that they are unwilling to stand up to the crypto lobby, and even more disturbingly, that they are too cowardly to stand up to the President," Waters said in a statement.
"Well, Democrats are not afraid, and will spend this week reminding the public of the true cost of this corruption," she continued.
The House is set to take up three crypto bills next week — the Digital Asset Market Clarity Act, the GENIUS Act and the Anti-CBDC Surveillance State Act.
The Digital Asset Market Clarity Act aims to split up oversight of the crypto industry between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The GENIUS Act, which passed out of the Senate last month, would create a regulatory framework for stablecoins.
And the Anti-CBDC Surveillance State Act seeks to bar the Federal Reserve from issuing a central bank digital currency.
Plus: Bitcoin reached a new all-time on Friday, crossing $118,000 for the first time.
