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Rep. Maxine Waters on stablecoin sticking point: "Your central bank has got to be involved"
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Rep. Maxine Waters on stablecoin sticking point: "Your central bank has got to be involved"

Ep. 8 — Rep. Maxine Waters (3-7-2024)
US Capitol Rotunda ahead of the State of the Union address March 7, 2024. Photo: Matt Laslo

Who?

Rep. Maxine Waters (D-CA) — Ranking Member, House Financial Services Committee

Ask a Pol asked:

Any update on your crypto bill with Financial Services Chair Patrick McHenry (R-NC)?

Key Waters:

“We gotta do something before the end of the year. We’re close,” Waters tells Ask a Pol. “I’m very optimistic, yes.”

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Caught our ear:

“I insist that the Federal Reserve be in it like any other central bank that has cryptocurrency. Your central bank has got to be involved,” Waters says.

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ICYMI: Gillibrand & Lummis waiting on House

LISTEN: Laslo & Waters

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Below find a rough transcript of Ask a Pol’s exclusive interview with Rep. Maxine Waters (D-CA), slightly edited for clarity.

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TRANSCRIPT: Rep. Maxine Waters

SCENE: Waters just finished a press conference outside the US Capitol at the House Triangle and is walking with a couple staffers as a troll rolls up on her recording video and shouting questions over our conversation.

Duder with camera: “Congresswoman will you apologize…”

Matt Laslo: “Congresswoman, I was wondering if there’s any update on your crypto bill with McHenry?”

Maxine Waters: “Yes, it is. We’re gonna do — uhh.”

Duder with camera: “Congresswoman will you apologize…”

ML: “She’s talking to me!”

MW: “We gotta do something — we gotta do something before the end of the year. We’re close. We’re close.”

ML: “What are the sticking points now?”

MW: “Stablecoin.”

ML: “Yeah, the stablecoin measure.”

MW: “Yes. Yes.”

ML: “I heard that how much power the Federal Reserve has is kind of a main sticking point.”

MW: “Well, I insist that the Federal Reserve be in it like every other central bank that has cryptocurrency. Your central bank has got to be involved.”

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ML: “Yeah?”

MW: “Yeah.”

ML: “You’re optimistic we’re gonna see something?”

MW: “Say what?”

ML: “You’re optimistic we’re gonna see something by the end of the year?”

MW: “Yeah, I am. I’m very optimistic, yes. Thank you.”

ML: “I’ll be watching. Thank you, ma’am.”

MW: “You’re welcome.”

Duder with camera: “You don’t wanna apologize?”

ML: “She might comment if didn’t shout over. Jackass.”

Matt Laslo covers tech politics for WIRED, lectures on technology’s impact on government at Johns Hopkins and is the founder of Ask a Pol — a new people-powered press corps. @MattLaslo / @AskaPol_crypto

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