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Techub News reports that, according to The Block, U.S. Democratic Congresswoman Maxine Waters has once again publicly opposed the GENIUS and Clarity crypto assets bills, warning that these bills could "open the door to widespread fraud and financial disaster for millions of American families." In a column, she stated that the related bills undermine the SEC's regulatory authority over the crypto market and that consumer protection measures are weak. Additionally, Waters criticized former President Trump for his close ties to the crypto assets industry, pointing out that approximately $620 million of his family's wealth comes from crypto assets.