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Waters' Bill Targets Crypto Corruption 💰

Waters' Bill Targets Crypto Corruption 💰

Source: theblock.co5/22/2025

Just before President Trump's extravagant memecoin gala, Democrat Rep. Maxine Waters unveiled a bill aiming to address crypto-related influence in politics. The "Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025" seeks to ban high-profile officials and their families from significant crypto holdings. Waters accuses Trump of manipulating crypto to sell influence, suggesting foreign entities could be leveraging Trump's digital assets. Trump and his family's involvement in crypto remains under scrutiny as lawmakers continue developing regulatory measures. The gala, inviting top holders of $TRUMP memecoin, features high entry costs and faces criticism for potential ethics violations. The newly introduced bill seeks to prohibit officials from engaging in digital asset-related activities, ensuring accountability and transparency in office. Supported by several Democrats, the bill underscores the need for stringent oversight to prevent repeats of alleged misconduct.