U.S. Congresswoman Maxine Waters: Trump represents the "worst side of Crypto"
Maxine Waters, the Democratic leader of the US House Financial Services Committee and a California representative, responded to concerns from many cryptocurrency users and legislators who accused Trump of launching Meme coins that harmed legitimate projects in the cryptocurrency industry. In a statement released on January 20th, Waters stated that Official Trump (TRUMP) represented the "worst of crypto" and provided a case for regulators and policymakers to worry about the future of the cryptocurrency industry under the new presidential administration. She stated that investors would "pay the price" after TRUMP insiders sold tokens, which was accused of being a "rugpull." She also stated that "even if buyers are deceived, the terms and conditions of the tokens prohibit them from filing class action lawsuits." She added, "Buyers of this type of cryptocurrency also lack transparency, which is concerning. Through his Meme coins, Trump has created a way to circumvent national security and anti-corruption laws, allowing relevant parties to transfer funds to him and his inner circle anonymously."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Norway to Ban New Crypto Mining Farms from 2025
Norway will halt new PoW crypto mining farms in 2025 to save energy for vital industries.Crypto Mining Under ScrutinyImpact on the Crypto Sector

Bitcoin eyes $104K CME gap as analysis says 'World War 3' off the table
S&P 500 and Bitcoin remain up despite Iran attack on US base in Qatar
Green Minerals Adopts Bitcoin Treasury Strategy
Green Minerals AS, a Norwegian deep-sea mining and sustainable resource extraction company, has announced a significant pivot in its financial strategy with the adoption of a Bitcoin Treasury Program.

Trending news
MoreCrypto prices
More








