President Donald Trump’s Gala Dinner for the largest $TRUMP memecoin holders prompted Maxine Waters, Democrat on the House Financial Services Committee, to introduce the Stop Trading, Retention, and Unfair Market Payoffs in Crypto (Stop TRUMP in Crypto) Act, which would bar senior officials from owning, controlling, or leading crypto firms and from trading digital assets based on privileged government insight.

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May 22, 2025

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Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, pushed a new bill on Thursday that again seeks to make the president's crypto dealings explicitly illegal. The legislation — labeled the Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025, carefully named for purposes of an acronym as the Stop TRUMP in Crypto Act — prohibits senior government officials and lawmakers from owning, controlling or serving as an officer of a crypto firm or token issuer, and also from trading in digital assets if they have special insight because of their government role.

Democrats have introduced legislation that would limit his involvement with crypto, including a bill introduced by House Financial Services Committee ranking member Maxine Waters (D-Calif.) on Thursday called the Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025, or Stop TRUMP.

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Week 21 of 2025