Representative Maxine Waters of Florida, a prominent member of the House of Representatives Financial Information Services Committee, called for harmonious communication and cooperation between government departments and due process to ease the password control problem.

Congressman Waters said in an interview with Cointelegraph that the recent law enforcement actions taken by the Foreign Stock Exchange Commission and the Commodity Futures Trading Commission on the password interior space are mainly aimed at showing the image of "doing something practical and meaningful" after the bankruptcy of key trading centers, including FTX.

She said that the collapse of the sales market and the closure of large companies gave foreign due process a good opportunity to "get held accountable" in the password interior space.

For CFTC and SEC, Waters said: I won't intervene in all the contradictions, everything I don't like, everything I don't like-it's best for the two of us to get together so that we can really solve the data encryption problem. "I think it's time for the Treasury, the FBI, the Commodity Futures Trading Commission, the Stock Exchange Commission, and it's best for each of us to agree on the password puzzle."

When Waters became the current chairman of the House Financial Information Services Committee, she applied a law to regulate the smooth system in collaboration with the National Treasury, and she told the Cointelegraph that she remained positive about the basis for the law under the current chairman, Patrick McBurt. Making it increasingly clear to the regulatory industry-as if to bring new specific guidance to law enforcement-is one of the keys to her laws in the new Congress, she added.

"the world is moving towards passwords: different countries, different types of things, we should still consider," Waters said. " "I do believe [.] It must be our own priority.

The congresswoman asked one of the senators who testified before the House Financial Information Services Committee at a December hearing by Rob Bankman-fried, former CEO of the FTX. The government detained him in the Bahamas before Bankman-Fry could be remotely controlled by Congress.

At the time of this article, the committee did not announce another hearing on matters related to the collapse of FTX or password space. But Representative Waters made it clear that, as part of the current Congress, she was "convinced" that there would be more than one hearing on password regulation.

"I and my committee members want to know all kinds of questions [Bankman-Fry]," Waters said. I think looking back at the relationship between FTX and Alameda, how much money they poured into Alameda, what projects they invested in, and what other relationships are with this investment. Does he know and know that he is in the process of fraud?

Many in the cryptographic community have accused Waters of taking a photo with a former FTXCEO at a hearing in December 2021, which is said to be a political "curry favor" with Bankerman-Fried, and the photos have gone viral on the Internet. The congresswoman denied rumors that she had accepted FTX's campaign donation, saying she had not received a penny and had nothing to do with the donation from the exchange.