Waters Introduces ‘Stop TRUMP in Crypto Act’ to Prohibit Officials from Engaging in Crypto Transactions
The “Stop TRUMP in Crypto Act” aims to target political figures to eliminate conflicts related to cryptocurrency.
This legislation is introduced ahead of Trump’s private crypto dinner fundraiser.
The bill is designed to prevent foreign influence through crypto ventures connected to Trump.
U.S. Representative Maxine Waters has put forth a bill that limits political influence in the realm of cryptocurrency. Named the “Stop Trading, Retention and Unfair Market Payoffs in Crypto Act of 2025,” or Stop TRUMP in Crypto Act, the legislation seeks to prevent top political officials—including the president, vice president, and members of Congress—from engaging in cryptocurrency activities. Waters introduced the bill just prior to a private dinner hosted by President Donald Trump, set to attract top donors and holders of Trump’s meme coin.
This legislation restricts political figures from owning, promoting, or trading cryptocurrencies while in office. Furthermore, the “Stop TRUMP in Crypto Act” disallows them from profiting through marketing, mining, or trading crypto assets. This prohibition extends to their spouses and children as well. Waters emphasized that the bill aims to prevent officials from leveraging their political power for personal gain in digital assets, thereby reducing potential conflicts of interest.
‘Stop Trump in Crypto Act’ Focuses on U.S. President
The bill specifically targets President Trump, who has been active in the cryptocurrency space since resuming his public service. Waters highlights his connections to crypto-related enterprises and his association with the TRUMP meme coin. This legislation seeks to curtail such activities to uphold the integrity of political offices against financial exploitation via digital currencies.
Waters’ decision to introduce the “Stop TRUMP in Crypto Act” prior to Trump’s dinner reflects concerns regarding his influence over the crypto landscape. Invitations to the private dinner are extended only to top holders of Trump’s meme coin. The bill is also aimed at addressing foreign involvement in Trump-associated crypto ventures. Waters noted that participation in Trump’s crypto projects might enable foreign entities like China and Russia to sway political outcomes.
Concerns Surrounding Trump’s Crypto Activities
In recent months, there has been heightened scrutiny over Trump’s cryptocurrency-related business dealings. His and his sons’ associations with USD1, a dollar-backed stablecoin, as well as their advocacy for a national Bitcoin reserve, have raised alarms among lawmakers.
Trump’s cryptocurrency endeavors have faced significant backlash from Waters and other Democrats, who argue that politicians should not profit from such ventures while holding office. This bill could ignite further discussions surrounding the regulation of cryptocurrency. Waters’ proposal could influence future negotiations on crypto policy and conflict of interest matters.
Several Democrats from the House Financial Services Committee have shown their support for the bill; however, it has yet to gain bipartisan backing. Waters’ push for stricter regulatory measures coincides with ongoing debates in Congress regarding a framework for cryptocurrency regulations. Nonetheless, discussions continue over how best to balance innovation with the regulation of digital assets.
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