Democrats Propose Crypto Ban for Politicians Amid Trump Memecoin Controversy

Democratic lawmakers have introduced legislation to prohibit U.S. politicians and their families from owning or promoting digital assets while in office. The move comes hours before a high-profile gala hosted by former President Donald TRUMP for holders of his memecoin.

Led by Rep. Maxine Waters, the proposed ’Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025’ targets what Democrats call ’crypto corruption.’ The bill would ban elected officials from profiting from or exerting control over cryptocurrency holdings.

’Trump’s crypto con is not just a scam to target investors,’ Waters stated, framing the issue as a matter of political integrity rather than just financial regulation. The timing underscores growing tensions between crypto adoption and political accountability in Washington.