Democratic Bill Targets Crypto Corruption Tied to Trump
- Democrats push legislation against crypto misuse; targets Trump’s alleged actions.
- Bill emphasizes stablecoin regulation impacting DeFi.
- Bipartisan approach seeks regulatory clarity amid controversy.
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Representative Maxine Waters leads the Stop TRUMP in Crypto Act of 2025, focusing on crypto corruption tied to government officials. The Democratic leadership aims to address alleged misuse related to Trump’s activities in the crypto sector.
Senators Chris Murphy and Bill Hagerty are involved in related bipartisan efforts, underscoring the establishment of a stablecoin regulatory framework. Despite differences, both parties recognize the need for a clearer regulatory environment.
Immediate impacts could alter stablecoin markets, affecting DeFi protocols and major cryptocurrencies like Bitcoin and Ethereum. The legislation’s controversy mirrors past instances of Senate Democrats rejecting similar proposals.
The GENIUS Act, advancing in Senate, seeks to formalize stablecoin regulations. Stablecoin liquidity and total value locked may fluctuate as new rules are applied. This legislative push reflects the ongoing battle against perceived crypto misuse by political figures.
Nowhere is Trump’s blatant disregard and disrespect for the rule of law more apparent than in the way he has exploited the office of the Presidency to promote shady, fraudulent crypto ventures that hold no real value, said Maxine Waters, Ranking Democrat on the House Financial Services Committee.
