On October 22nd, according to DLNews, Maxine Waters, the top Democrat on the US House Financial Services Committee, warned that the ongoing government shutdown is setting the stage for another market disaster, with Trump and the Republican Party attempting to integrate cryptocurrencies into the traditional financial system without establishing a proper regulatory framework, increasing the likelihood of future crashes.
Waters pointed out that the government shutdown has entered its 21st day, 90% of the staff of the Securities Exchange Commission has been forced to take leave, most enforcement activities have been suspended, and the Commodity Futures Trading Commission has effectively shut down. In the October 10 market crash, Bitcoin fell 14.6%, Ethereum fell 21%, Dogecoin fell more than 50%, and the $TRUMP token fell as low as 63%. Investors lost billions of dollars.
Waters said the regulatory vacuum has left investors at risk of "another catastrophic crash."
U.S. Democratic lawmakers: Trump could cause another "catastrophic crash" in the cryptocurrency market
2025-10-22 10:31:13
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