- Crypto Bill targets political leaders launching or endorsing crypto projects.
- Comes amid Trump family’s memecoin and stablecoin initiatives.
- Democratic lawmakers and activists protest crypto-linked fundraising.
In a criticism of the increasing intersection of politics and cryptocurrency, California Rep. Maxine Waters has introduced legislation that would limit political leaders from getting involved in crypto activities. Dubbed the “Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025”.
The crypto bill aims at suppressing what Waters describes as a “crypto con” orchestrated by former President Donald Trump and his kin.
Being the ranking member of the House Financial Services Committee, Waters explained how the bill would make it illegal for the incumbent President, Vice President, members of Congress. And their relatives to release or endorse cryptocurrencies. The development comes on the heels of a string of events related to the Trump clan. Such as the release of a personal memecoin by Trump and Melania in January. A family-supported stablecoin named USD1 through World Liberty Financial, and continued efforts to create a national Bitcoin reserve.
To Waters, such initiatives are not merely monetary gambles but politically risky weapons that might enable rich crypto investors, both foreign and domestic. To purchase influence over American policy. She said, “Donald Trump is getting ready to dine with his favorite memecoin donors who’ve made him, and his family, richer. Trump’s crypto con isn’t merely a bait-and-switch to fleece investors.”. It’s also a risky backdoor for trading influence over American policy to the highest foreign bidder.”
Crypto Fundraising Sparks Protests and Legal Pushback
The announcement precedes a contentious private dinner planned at the Trump National Golf Club in suburban Washington, D.C. Where top Trump memecoin holders are set to be incentivized for their contributions. The special dinner has raised eyebrows among a number of Democratic lawmakers and advocacy groups.
Senators Elizabeth Warren and Chris Murphy will be attending a press conference with consumer rights organization Public Citizen to protest the event. Democratic groups, meanwhile, are organizing public rallies to raise awareness about the ethical issues of political fundraising using digital assets.
Waters’ bill is one of the first explicit attempts to legislate the confluence of crypto and American politics. Which is highlighting a fast-changing issue that conflates financial ingenuity with public responsibility.
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