California Representative Maxine Waters has announced her intention to introduce legislation aimed at combating corruption related to cryptocurrency, particularly ahead of a dinner hosted by Donald Trump for significant donors who purchased his memecoins. Waters criticized Trump, asserting that his actions not only jeopardize investors but also facilitate the potential for foreign influence on U.S. policy through financial contributions. The proposed legislation, named the HR 3573, Stop TRUMP in Crypto Act of 2025, is part of a broader effort by Waters and other lawmakers, including Senators Chris Murphy and Elizabeth Warren, to challenge Trump's upcoming dinner that celebrates high-value memecoin investors. The event is perceived as a means of rewarding these donors. This situation continues to evolve, with further developments anticipated in the ongoing discussion surrounding cryptocurrency regulations and political donations.

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