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“We’ve got a long way to go” — Financial Services Ranking Member says crypto reform done for year
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“We’ve got a long way to go” — Financial Services Ranking Member says crypto reform done for year

Ep. 80 — Rep. Maxine Waters (11-20-2025)
House Financial Services Committee Ranking Member Maxine Waters addresses congressional press corps in US Capitol studio. Photo: Logan Johnson
Financial Services Committee Ranking Member Maxine Waters addresses press corps in US Capitol’s Members Only recording studio. Photo: Logan Johnson

Who?

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

LISTEN: Laslo & Waters

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-2:47

Ask a Pol asks:

What do you make of what’s happened to the crypto measures — over in the Senate, seems they’re getting closer to a deal?

Key Waters:

“We’ve done just about all that’s going to be done, certainly this year,” Rep. Maxine Waters exclusively tells Ask a Pol Crypto. “We’ve got a long way to go.”

Caught our ear:

“It has growing bipartisanship, but you don’t know how that’s going to play out during the campaigns,” Waters tells us of her outlook for the New Year.

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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.

TRANSCRIPT: Rep. Maxine Waters

SCENE: After voting on the floor of the US House of Representatives on a crisp evening, 17-term Congresswoman Maxine Waters is waiting for her rideshare on a sidewalk outside the Capitol’s main House entrance as her colleagues, aides and Capitol Police officers scurry about causing mini-traffic chaos.

Ask a Pol founder Matt Laslo sees the powerful progressive alone, so he slides in for a quick crypto update.

Matt Laslo: “I haven’t seen you in so long.”

Maxine Waters: “Hi.”

A Black Congresswoman waits for her ride on the grounds of the US Capitol during a House vote. Photo: Matt Laslo © www.askapolcrypto.com
Financial Services Ranking Member Maxine Waters waits for a rideshare outside the US Capitol after votiing (November 2025). Photo: Matt Laslo

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ML: “What have you thought of what’s happened to the crypto measures — it seems like in the Senate they’re close to a deal?”

MW: “Well, I think we’ve done just about all that’s going to be done, certainly this year. We have a long way to go with crypto.”

ML: “Yeah?”

MW: “You know, stablecoin* may have a chance…”

*the GENIUS Act was signed into law by President Trump in July. The Senate has yet to take up the House-passed CLARITY Act, which would determine whether stablecoins fall under the SEC or CFTC.

ICYMI — Summer refresher…

MW: “…but I’m not so sure. We’ve got a long way to go.”

ML: “Yeah?”

MW: “Yeah.”

ML: “Well, I mean, the shutdown ate up so much prime legislative real estate.”

MW: “Yes.”

ML: “Yeah? But crypto’ s so bipartisan, do you think it actually might have a shot in the election year next year?”

A large, if quiet, SUV pulls up in back of Laslo who’s got one foot on the curb.

MW: “Oh, be careful.”

ML: “Yes, ma’am.”

Laslo takes a step away from the curb.

MW: “Yeah, it has growing bipartisanship, but you don’t know how that’s going to play out during the campaigns, where some people will be using it in a positive way but others will be using it in a very negative way.”

ML: “Yeah?”

MW: “So, it may be some changing...”

A large dark SUV rolls up slowly.

MW: “Is this my car?”

ML: “Is that you?”

MW: “Intend to go find out.”

ML: “Virginia? You got a staffer coming?”

MW: “Oh no, I have a driver coming.”

ML: “Oh, nice.”

MW: “Yeah, yeah, yeah.”

ML: “And they’re coming to this side?”

MW: “What?”

ML: “I always get confused with those [apps].”

Laslo laughs at his small talk.

MW: “With the fire in the tunnel, I think he might get a little mixed up.”

Large red fire engines are parked outside the US Capitol, lights flashing as firefighters fight a fire on an underground tram. Photo: Matt Laslo © www.askapol.com
DC Firefighters on the US Capitol grounds after one of the Capitol’s antiquated underground trams caught fire (November 2025). Photo: Matt Laslo

ML: “Yeah? And that was just — a fire in the tunnel? One of the cars?”

Waters nods yes.

ML: “Ooh — nobody was hurt?”

MW: “No, no.”

MW: “Good.”

Laslo stands there awkwardly as the Congresswoman tries to find her Lyft.

ML: “I just feel bad. I don’t want to leave you out here alone.”

MW: “It’s okay. I’m fine. I’m fine.”

ML: “You’re good?”

MW: “The Capitol Police are out here.”

ML: “Yes. Yes, ma’am.”

MW: “Thank you.”

The Congresswoman continues looking at her app.

ML: “Have a good one. Be well.”

Laslo walks back to the Capitol.

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