Key Takeaways
- Rep. Maxine Waters introduced the “Stop TRUMP in Crypto Act of 2025,” targeting political crypto profiteering.
- The bill landed just hours before President Trump hosted a high-profile dinner for top $TRUMP memecoin investors.
- Democrats allege Trump is using the presidency to enrich himself through digital assets linked to his name and family.
The political fault lines over crypto deepened this week as a high-profile dinner hosted by President Donald Trump became the backdrop for a fresh legislative battle, this time led by Rep. Maxine Waters.
Just hours before the President’s dinner, Waters introduced the “Stop TRUMP in Crypto Act of 2025,” a bill aimed squarely at the President’s deepening entanglement with the crypto industry.
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H.R. 3573: Stop TRUMP
H.R. 3573, Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025 (Stop TRUMP) proposes prohibiting sitting elected officials and their immediate families from owning, promoting, or engaging in cryptocurrency businesses.
It also seeks greater disclosure requirements and restrictions on foreign involvement in crypto ventures linked to political figures.
Waters’ proposal underscores growing concern among Democrats that Trump is leveraging his position, name recognition, for personal gain through a sprawling network of token sales, NFT campaigns, and new stablecoin initiatives.
The bill, which targets what Democrats call “clear conflicts of interest,” also arrives amid growing scrutiny of the Trump family’s crypto-linked ventures, including a newly launched stablecoin project backed by UAE-based investors.
Inside the $TRUMP Dinner
According to blockchain analytics firm Inca Digital , the top 25 investors in the $TRUMP token spent a combined $111 million to gain access to the dinner, which included a private reception with the President.
Notably, Tron founder Justin Sun emerged as the largest known investor, holding around $18.5 million worth of the memecoin.
The $TRUMP coin, launched days before Trump’s second inauguration, briefly hit a $70 billion fully diluted valuation before falling more than 85% amid broader market cooling.
Still, the token’s success has become a symbolic and financial pillar of Trump’s pro-crypto pivot, which includes campaign promises to defend Bitcoin (BTC), resist central bank digital currencies (CBDC), and foster American blockchain innovation.
Beyond Memecoins: A Family Crypto Empire
Beyond the memecoin spectacle, Democrats are focusing their fire on World Liberty Financial (WLFI), a crypto venture affiliated with the Trump family.
The firm recently launched the USD1 stablecoin, backed by a $2 billion investment involving Binance and UAE-based stakeholders.
This deepening international footprint, particularly through partners in the Middle East, has raised red flags for lawmakers concerned about foreign influence and regulatory blind spots under a sitting U.S. president.
Senator Elizabeth Warren and others have publicly questioned whether foreign actors could gain leverage through investment in Trump-branded digital assets, calling for tighter restrictions on political figures involved in crypto.
A Partisan Divide Over Digital Assets
While Trump has framed his crypto enthusiasm as part of a broader agenda to “keep innovation in America,” Democrats argue that his administration’s hands-on involvement in digital finance blurs the line between public service and private enrichment.
The “Stop TRUMP in Crypto Act” may face long odds in a Republican-controlled House, but it’s a shot across the bow as Democrats seek to define ethical boundaries in an era of blockchain-powered politics.
And with billions in token value, foreign capital, and political clout on the line, the crypto fight in Washington is only just beginning.
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