Maxine Waters slams Trump’s crypto ventures in fiery House hearing

In an ardent house audience, the representative Maxine Waters fired in the many cryptographic companies of Trump, accusing him of double his wealth to the detriment of investors.

Trump crypto companies raise major concerns about corruption, said representative Maxine Waters in a recent Home audience. On April 9, the Democrat deputy and member of the Chamber’s Financial Services Committee accused Donald Trump of using the crypto to get rich to the detriment of investors and the public.

Waters referred to his same, Trump’s official token (ASSET)which plunged 89.93% compared to its summit of $ 75.35 in January. According to Waters, this “fraudulent” same “was one of the many companies that helped Trump double his wealth thanks to the crypto.

“President Trump has doubled his wealth, from $ 2.3 billion to $ 5.6 billion. His fraudulent memecoin lost $ 2 billion, while he and his family pocketed at least $ 350 million,” Waters said.

During the same audience, Waters underlined other crypto projects affiliated with Trump, notably World Liberty Financial. It has raised concerns about these companies used by foreign or national actors to influence American policy. She said:

“I am deeply concerned about the fact that these companies have created an avenue for interested parties, whether they are allies or adversaries, to transfer money and its inner circle.”

Trump’s WLFI opens ways for corruption: waters

Waters also criticized the subcommittee of digital assets, financial technology and artificial intelligence, which held the audience. She argued that the committee helped to advance the ambitions of Trump’s cryptography, declaring:

“This committee helps Trump. Last week, this committee voted to make Trump the” King of the Crypto “, by adopting legislation that allows him to wedge the Stablecoins market, launch George Washington from the dollar and make his own legal tender of Stablecoin.”

Waters referred to the recently announced Stablecoin WLFI, USD1. Stablecoin would be redeemable against the US dollar and supported by short -term US treasury bills. Waters warned that Stablecoin could benefit from regulatory favoritism.

The representative Maxine Waters, with Senator Elizabeth Warren, was a long -standing critic of Donald Trump and the deregulation of cryptographic assets. Both Waters and Warren demanded That all cryptographic legislation should pass controls on Trump’s potential conflict of interest.