Maxine Waters Raises Concerns About Trump’s Cryptocurrency Schemes

Representative Maxine Waters, ranking member of the US House Financial Services Committee, has criticized President Donald Trump for his involvement in the cryptocurrency industry. During a recent markup hearing on stablecoins, Waters accused Trump of leveraging his position to profit from multiple crypto schemes. Notably, she highlighted the launch of a US dollar-pegged stablecoin by World Liberty Financial (WLFI), a firm backed by his family. Waters argued that these actions represent an unacceptable precedent and pose a danger to the integrity of financial regulations.