Ahead of Trump Dinner, U.S. Democratic Leaders Propose Bill to Combat "Crypto Corruption"

On May 23, according to The Block, just hours before President Trump hosted a lavish dinner to welcome major holders of TRUMP coins, U.S. Democratic leader Representative Maxine Waters introduced a new bill aimed at addressing concerns over the President's involvement in digital assets, calling for an end to "cryptocurrency corruption".

Waters and 14 other Democratic co-sponsors introduced the "Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025" on Thursday afternoon. The bill aims to prohibit the President, Vice President, members of Congress, and their immediate family from "holding a proportion of digital assets sufficient to allow them to unilaterally alter digital assets," along with other related provisions.