On May 23, just hours before U.S. President Donald Trump hosted a lavish party to welcome investors holding large amounts of TRUMP – a memecoin named after him – Congresswoman Maxine Waters, the Democratic leader in the House, announced a new bill aimed at preventing 'cryptocurrency corruption' among politicians. The information was revealed by the publication The Block.
Specifically, Ms. Waters, along with 14 other Democratic members, has co-sponsored the Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025. The bill was introduced on the same afternoon, amid increasing controversy surrounding the relationship between President Trump and the digital asset market.
According to the bill's content, individuals holding positions of power in government – including the President, Vice President, members of Congress, and their immediate family – will be prohibited from holding significant amounts of digital assets that could substantially influence the prices or trends of the cryptocurrency market. The objective of the bill is to prevent the potential abuse of power for personal or political gain.
Ms. Maxine Waters emphasized that, with cryptocurrencies playing an increasingly significant role in finance and politics, America needs a clear legal framework to ensure the transparency and integrity of lawmakers and leaders. She warned that without control measures, 'cryptocurrency corruption' could become a serious loophole, undermining public trust in the government and the financial system.
President Trump's public outreach and solicitation of support from the cryptocurrency investor community – especially through the TRUMP coin – is raising concerns among Democratic lawmakers that cryptocurrencies could be turned into tools for opaque political campaigning. The lavish dinner held on the same day for those holding large amounts of TRUMP coin has raised many questions about the financial interests gradually intertwining with American politics.#DinnerWithTrump #GENIUSAct $BTC $ETH $BNB
