Ahead of $TRUMP 's crypto dinner, Maxine Waters unveiled a bill to bar US officials, including Donald Trump, from owning, promoting or trading.
In the hours leading up to Trump's crypto dinner, US Representative Maxine Waters has introduced a new bill aimed at limiting digital asset activities by top US officials.
The bill, titled the "Trading, Holding, and Unfair Market Payments in Cryptocurrency Act of 2025" or "BUT $TRUMP in Cryptocurrency Act," directly addresses concerns over political figures involved in cryptocurrency ventures while in office.
Maxine Waters Proposes 'Stop Trump in Crypto Act'
Maxine Waters' proposed legislation was announced just hours before Donald Trump's private crypto dinner.
It seeks to prohibit the president, vice president, and members of Congress, as well as members of their immediate family, from issuing, owning, or promoting cryptocurrency while in office.
According to Maxine Waters, the crypto bill is designed to prevent government officials from using their political influence to gain financial gain from digital assets.
It would prohibit authorities from directly or indirectly receiving compensation from the marketing, mining, or trading of digital currencies in the United States.
The bill also aims to prevent trading of digital assets when a government official holds non-public information. Waters said,
“Trump’s crypto con is not just a scam to target investors; it is also a dangerous backdoor for influence peddling.”
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