Representative Maxine Waters (D-CA) is introducing a new bill that could bar Donald Trump from profiting from crypto-related ventures while in office. Presented this Thursday, the legislation would also prevent the Vice President, Congressmen, and their immediate family from owning crypto while in office.
The act, going by the name of ‘‘Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025’’ — or “‘Stop TRUMP in Crypto Act of 2025” — aims to set strict limitations on digital asset involvement among high-ranking government officials, addressing concerns over conflicts of interest and financial influence.
Under the proposed legislation, elected officials and their immediate family members would be prohibited from owning, trading, promoting, or receiving compensation from cryptocurrency-related activities. Additionally, the bill bars officials from serving as executives or stakeholders in any digital asset issuer. These measures seek to prevent potential abuses of power and insider trading within the rapidly evolving crypto space.
“Any prohibition or disclosure requirement in this Act shall apply to covered individuals with respect to any digital asset held indirectly or through any arrangement intended to conceal beneficial ownership or control.”
The bill also tackles potential loopholes by preventing companies from handling crypto transactions on behalf of elected officials. Under this rule, publicly traded firms that report to the Securities and Exchange Commission wouldn’t be allowed to issue or sell digital assets for politicians covered by the act.
The bill also contains anti-evasion measures, ensuring officials cannot circumvent restrictions by operating through trusts, corporate entities, or third-party intermediaries. These safeguards aim to reinforce transparency and prevent hidden financial entanglements.
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