Maxine Waters Targets Trump with New Crypto Ban Bill Ahead of Memecoin Dinner

House Democrats, led by Representative Maxine Waters, have introduced the Stop TRUMP in crypto Act, aiming to prohibit key U.S. government officials from issuing or holding cryptocurrencies. The legislation directly addresses President Trump’s increasing engagement with digital assets, coinciding with a private crypto-themed dinner he hosted for top holders of his meme coin.

The bill seeks to prevent potential conflicts of interest and insider trading in the cryptocurrency market by restricting federal officials and their families from participating in digital asset activities. This move has sparked a partisan debate, with Democrats emphasizing ethical concerns while Republicans view it as politically motivated.

The timing of the bill’s introduction, just hours before Trump’s meme coin dinner, underscores the growing intersection of politics and cryptocurrency. The event has raised questions about the ethical implications of political figures’ involvement in digital assets, particularly those with speculative or meme-based value.