Ah, the delightful world of politics and cryptocurrency, where the stakes are as high as the hair on Donald Trump’s head! Just when you thought it couldn’t get any more absurd, Rep. Maxine Waters of the House Financial Services Committee has decided to spice things up with a new bill, the “Stop TRUMP in Crypto Act of 2025.” Yes, you heard that right! It’s like a superhero movie, but instead of capes, we have memecoins and a gala dinner. 🍽️
Now, this bill was introduced just hours before Trump’s private dinner with the crème de la crème of memecoin holders. Because nothing says “I’m a serious politician” quite like trying to block a former president from cashing in on digital coins while he’s busy hosting a dinner party. Waters claims this bill is all about keeping the crypto chaos at bay, stating, “Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer.” Well, isn’t that just charming? 💰
But wait, there’s more! Waters has raised the alarm bells, warning that countries like Russia, China, or North Korea might be buying Trump’s crypto to curry favor with the White House. Because, of course, nothing screams “trustworthy” like a dinner party with a crypto billionaire under investigation for financial crimes. Waters declared, “Enough is enough. Congress can no longer ignore the biggest scam and abuse of power in American history.” And here I thought the biggest scam was my last attempt at a diet! 🍕
The bill aims to prevent Trump and his family from issuing, promoting, or profiting from digital assets while he’s in office. This includes Melania, who recently launched her own meme coin—because why not? And let’s not forget his sons, Eric and Don Jr., who are apparently knee-deep in crypto startups. It’s like a family business, but instead of selling ties, they’re selling digital dreams! 🌐
Among the guests at Trump’s dinner is Justin Sun, a Chinese-born crypto billionaire who founded the Tron blockchain. He’s been under investigation for financial crimes and has even been sued by the SEC for fraud and market manipulation. But hey, he’s invested millions in Trump’s memecoin, so I guess that makes him a VIP! 🎉
Democrats have been sweating bullets, fearing that foreign actors might use Trump’s crypto escapades to gain secret access to him, all while sidestepping U.S. campaign finance laws. Waters and her fellow Democrats have protested Trump’s crypto dealings, even staging a walkout from a House Financial Services Committee meeting. They’re calling for laws to force Trump to give up his crypto businesses while in office. Because nothing says “we care” like a dramatic exit! 🚪
The bill currently boasts 15 sponsors from the House Financial Services Committee, all Democrats. Similar bills like the MEME Act have been tossed around but haven’t exactly caught fire with the Republicans. Meanwhile, CFTC Commissioner Summer Mersinger has decided to jump ship and join the Blockchain Association. In a recent Bloomberg interview, she discussed futures trading in the U.S. and, of course, Trump’s crypto policies. Because who wouldn’t want to dive into that rabbit hole? 🐇
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2025-05-22 23:35