California Rep. Maxine Waters introduces legislation, the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025, to restrict political leaders from engaging in crypto projects.
The bill aims to prevent current President, Vice President, members of Congress, and their relatives from endorsing or launching cryptocurrencies.
Waters criticizes Trump family's involvement in crypto, including the release of a personal memecoin and a family-supported stablecoin called USD1 through World Liberty Financial.
Democratic lawmakers, including Senators Elizabeth Warren and Chris Murphy, protest crypto-linked fundraising events and call attention to the ethical concerns surrounding political fundraising using digital assets.