Just hours before former President Donald Trump’s high-profile memecoin gala, Rep. Maxine Waters (D-CA) unveiled new legislation targeting political involvement in digital assets.
Backed by 14 Democratic co-sponsors, the proposed “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025” aims to prevent potential conflicts of interest tied to crypto holdings among U.S. officials.
Lawmakers Would Face Strict Crypto Ownership Limits
The bill would ban the president, vice president, members of Congress, and their immediate families from owning enough of any digital asset to influence its governance or operations.
“It’s not just a grift targeting investors,” Waters said in a public statement. “This opens the door to foreign influence in U.S. policy. China, Russia—even North Korea—could be buying into Trump’s crypto for access to power.”
Trump’s Crypto Links Under Fire
Concerns have grown in Washington over Trump’s crypto ventures. Both he and former First Lady Melania Trump launched memecoins shortly before his latest inauguration.
More recently, Trump-backed World Liberty Financial, a crypto-centered financial firm, has raised further questions about presidential entanglement in digital finance.
Waters’ bill marks the latest move by Democrats to clamp down on what they describe as growing “crypto corruption” in American politics.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/democrats-push-new-bill-to-block-presidential-crypto-conflicts/