Banking with Interest
Rep. Waters on Dem’s Strategy, Stablecoins, Housing & More
Jan 29, 2025
Rep. Maxine Waters, the first woman and African-American to chair the House Financial Services Committee, discusses her long career in Congress and evolving financial policies. She highlights the importance of community banks and advocates for housing reform and stablecoin regulation. Waters reflects on post-election messaging and education in the Democratic party, critiques the influence of billionaires on policies, and emphasizes the need for accountable leadership. She also addresses the challenges faced by communities impacted by disasters like the Los Angeles wildfires.
38:21
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Quick takeaways
- Rep. Waters emphasizes the necessity of cohesive regulatory frameworks for stablecoins to protect consumers and ensure market integrity.
- The podcast highlights the urgent need for collaboration on affordable housing, advocating for increased funding and streamlined processes for development.
Deep dives
Challenges in Crypto Regulation
The complexity of regulating the cryptocurrency industry is highlighted by the involvement of multiple stakeholders, including the Treasury, the Federal Reserve, and various state and local agencies. This fragmentation has led to difficulties in reaching an agreement on regulatory frameworks, particularly concerning stablecoins, despite efforts by lawmakers. The podcast emphasizes the need for a cohesive approach that incorporates safeguards for investors while acknowledging the industry's growing influence. Congresswoman Waters expresses her belief that cryptocurrency is here to stay but insists it must be regulated to protect consumers and ensure market integrity.
