Political Figure's Crypto Ventures Under Scrutiny: The 'Stop TRUMP in Crypto Act of 2025' Proposal
Democrats Introduce Legislation Prior to Trump's Crypto Gathering to Prevent President's Digital Asset Transactions
In a move aimed at addressing rising concerns about political profiteering, Representative Maxine Waters (D-CA) has introduced a bill, the "Stop TRUMP in Crypto Act of 2025." This legislative proposal forbids political figures, such as the president, the vice president, and members of Congress, from launching or owning their own cryptocurrencies while in office.
The bill, explicitly targeting President Donald Trump, was reportedly introduced on May 28th, 2025, to bring attention to a private dinner Trump is due to attend later that evening with the top 220 holders of his meme coin. The media is barred from attending the event.
Rep. Waters' spokesperson confirmed to Decrypt that the bill's timing was deliberate, highlighting Trump's meme coin dinner amid allegations of possible foreign involvement in crypto ventures linked to political figures. "Donald Trump is preparing to dine with the top donors of his memecoin who've made him, and his family, richer," Waters said in a statement, expressing concern over potential influence-peddling.
The bill, currently co-sponsored by 14 Democrats on the House Financial Services Committee,, forbids any digital asset sales, marketing, or mining in the U.S. while the president, vice president, or their immediate family members hold office. It also prohibits these individuals from trading any digital assets that they possess material non-public information about, extending this ban to the president's spouse, children, and their spouses.
In recent months, Trump's sons, Eric and Don Jr., have become heavily invested in various crypto startups. Meanwhile, First Lady Melania Trump launched her own meme coin. These crypto-related activities, along with Trump's perceived conflicts of interest, have threatened to derail current efforts to offer legal pathways for digital asset issuance and trading in the United States.
This proposal is part of a broader legislative effort to regulate the crypto sector and prevent corruption by high-ranking officials. Similar bills targeting the president's crypto activities, such as the MEME Act, had already been introduced in Congress this year but failed to attract Republican support. Etched with concerns about crypto corruption, these legislative efforts continue to evolve.
- The "Stop TRUMP in Crypto Act of 2025," introduced by Representative Maxine Waters, aims to prevent political figures from launching or owning cryptocurrencies while in office.
- The bill explicitly targets President Donald Trump, who is due to attend a private dinner with the top 220 holders of his meme coin on May 28th, 2025, an event barred to the media.
- Rep. Waters' spokesperson confirmed that the bill's timing was deliberate, highlighting Trump's meme coin dinner amid allegations of possible foreign involvement in crypto ventures linked to political figures.
- The bill prohibits digital asset sales, marketing, or mining in the U.S. while the president, vice president, or their immediate family members hold office.
- It also extends the ban to the president's spouse, children, and their spouses, preventing them from trading any digital assets they possess material non-public information about.
- Trump's sons, Eric and Don Jr., have become heavily invested in various crypto startups, while First Lady Melania Trump launched her own meme coin, raising concerns about crypto-related activities and conflicts of interest.
- This proposal is part of a broader legislative effort to regulate the crypto sector and prevent corruption by high-ranking officials, with similar bills targeting the president's crypto activities being introduced in Congress this year, albeit without attracting Republican support.
