Maxine Waters, a member of the US House of Representatives, presented a new bill to restrict the crypto asset activities of senior state officials. The bill is called “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025” or “Stop Trump in Crypto Act”. The proposal was announced hours before President Donald Trump’s private crypto currency dinner.
Crypto Law Special for Trump
This bill, presented by Waters, imposes serious restrictions on the US President, Vice President, Congress members and their first -degree family members. According to the bill, the relevant persons will not be able to produce, have or promote crypto assets during their term of office. In addition, direct or indirectly, they are also banned from obtaining any financial profit from these assets.
The aim of the bill is to prevent high -level public officials from obtaining financial interest from crypto beings using their political effects. In this context, it is aimed to prevent all kinds of interests about crypto assets while in office.
The proposal coincided with the crypto currency dinner, which is expected to take place by President Donald Trump, drew attention in political circles. The name of Trump’s name in the title of the bill is considered that this law may be directly directed towards Trump and similar senior politicians.
The movement of this law proposal triggered the public debates on the public with the increase in the impact of crypto currencies in the political arena. While the crypto asset market is growing in the USA, some policy makers are concerned that the investments of the authorities in the task may lead to conflict of interest.
Maxine Waters made the following statement about the bill:
“Crypto money markets need to be managed in accordance with transparent, fair and public interest. Public officials need strong arrangements to prevent their political effects into financial gain in this new field.”
Reactions in public and sector
The bill announcement was met with different reactions in the public and financial sector. Some circles underline the need for arrangement, while others suggest that such prohibitions can damage innovation.
Representatives from the financial sector say that the having crypto assets of senior public executives may cause trust in the markets. On the other hand, segments on technology and innovation propose a more comprehensive and flexible legislation instead of prohibitive policies.
In the light of the current developments, the US Congress is thought to increase regulatory efforts for crypto assets in the coming period. Nevertheless, while the Republicans are so strong in the two assemblies, it is unlikely that it will be enacted.
It is foreseen that comprehensive discussions may be experienced in both the political arena and in the economic circles in the process of enactment of the bill. In particular, the sensitivities of public officials and ethical standards of public officials may cause similar regulations to be on the agenda internationally. Due to the potential of crypto assets to influence both political and financial areas, it is seen that the search for transparency and balance in regulation processes is of great importance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
