US Democratic Leaders Propose Bill to Combat "Crypto Corruption"

According to a report by Jinse Finance, U.S. Democratic leader Representative Maxine Waters has introduced a new bill aimed at addressing concerns over presidential involvement in digital assets, calling for an end to "cryptocurrency corruption." Waters, along with 14 other Democratic co-sponsors, proposed the "Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025." The bill aims to prohibit the President, Vice President, members of Congress, and their immediate family from "holding a proportion sufficient to allow them to unilaterally alter digital assets," along with other related provisions.