On the eve of the TRUMP dinner, Democratic leaders in the United States proposed a bill to combat "encryption corruption."

GateUser-6433627c · 2025-05-23T02:33:09+00:00

Leaders of the Democratic Party in the United States have proposed the "2025 Act to Halt Transactions, Holdings, and Unfair Market Returns in Crypto Assets," aimed at preventing the misuse of power related to digital assets by individuals such as the President. The bill seeks to end "crypto asset corruption," restrict government officials and their relatives from holding digital assets, and stipulate unfair market practices.

GateUser-6433627c

2025-05-23 02:33:09

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On May 23, just hours before President Trump hosted a lavish dinner to host the main holders of the TRUMP coin, U.S. Democratic leader Rep. Maxine Waters introduced a new bill to address concerns raised by the president’s foray into digital assets and call for an end to “crypto corruption.” Waters and 14 other Democratic co-sponsors introduced the Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025 Thursday afternoon. The bill seeks to prohibit the president, vice president, members of Congress, and their immediate family members from “owning a percentage of digital assets sufficient to enable them to unilaterally alter digital assets,” among other related provisions.

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