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      Maxine Waters Calls for Delay in Crypto Legislation Amid Presidential Profits

      Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, is urging Congress to postpone the advancement of cryptocurrency legislation. She argues that passing such laws while the president profits from digital assets would create a conflict of interest and condone unethical financial practices.

      Waters has highlighted that the Trump family's investments in cryptocurrency have reportedly increased their net worth by approximately $1.2 billion, including a significant $2 billion investment linked to a Trump-associated stablecoin. She believes that advancing crypto-friendly legislation under these circumstances would effectively endorse these gains, which she deems ill-gotten.

      In her efforts to block or amend major crypto bills, Waters has criticized proposals such as the GENIUS Act and the CLARITY Act for lacking sufficient conflict-of-interest protections. Recently, the Senate voted 49-50 against advancing the CLARITY Act, reflecting a deep partisan divide. Waters has also introduced the STOP TRUMP and CRYPTO Act, aimed at preventing top federal officials from engaging in crypto-related businesses, and has expressed concerns about allowing 401(k) plans to include digital assets, citing risks to workers' retirement savings.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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