Maxine Waters Introduces ‘Stop TRUMP in Crypto Act’
- US Representative Maxine Waters introduced the “Stop TRUMP in Crypto Act” to restrict digital asset activities by top US officials.
- The bill aims to prohibit the president, vice president, and Congress members from owning or promoting cryptocurrencies while in office.
- It seeks to prevent officials from receiving compensation related to marketing, mining, or trading digital currencies.
- The announcement coincided with a Trump-hosted crypto dinner attended by 220 supporters of his crypto ventures.
- Concerns were raised about foreign influence, with Justin Sun reportedly purchasing over $22 million of the TRUMP meme coin.
The proposed legislation by Maxine Waters targets preventing conflicts of interest among political figures engaging in cryptocurrency ventures while serving in office. It was announced shortly before a Trump-hosted event promoting his crypto projects. Concerns about foreign investments in these projects have also been highlighted.
Source (2.6)https://coingape.com/maxine-waters-proposes-stop-trump-in-crypto-act-ahead-of-trump-crypto-dinner/?rand=24432
