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Ranking Member Maxine Waters has called on Janet Yellen and Gary Gensler, leadership at federal regulatory agencies, to weigh in on a proposed framework for digital assets. In two letters dated June 23, Waters requested information on the possible impact of the “Digital Asset Market Structure” bill that was proposed by Republican lawmakers on June 1. Waters asked Gensler todiscuss how the proposed framework, if enacted, could affect the SEC’s existing authority in protecting crypto investors. She requested similar feedback from Yellen but added that the Treasury secretary should address any potential conflicts with existing protocol from the Financial Stability Oversight Council per U.S. President Joe Biden’s executive order on crypto. Waters gave Yellen and Gensler a deadline of June 30 to respond and added they should both be prepared to address the committee if necessary.