US lawmaker introduces anti-corruption bill ahead of Trump's dinner

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Coin Telegraph 13h ago

US lawmaker introduces anti-corruption bill ahead of Trump's dinner - Coin Telegraph

Quick Summary:

Waters said the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025 bill would be aimed at blocking the US President, Vice President, members of Congress, and their families from engaging in “crypto crime.” The US lawmaker referred to Trump and his wife, Melania, issuing personal memecoins in January, his family launching a stablecoin, USD1, through the crypto platform World Liberty Financial, and the president attempting to establish a national Bitcoin (BTC) reserve as his sons back a BTC mining venture.“Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer,” said Waters, adding: “Trump’s crypto con is not just a scam to target investors.

California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.”In a May 22 notice, Rep.

It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.”HR 3573, Stop TRUMP in Crypto Act of 2025, introduced by Rep.Maxine Waters.