U.S. Representative Maxine Waters: Trump represents the "worst side of Crypto"

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ODAILY
01-21
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Odaily reported that Maxine Waters, the Democratic leader of the US House Financial Services Committee, responded to the concerns of many cryptocurrency users and lawmakers who accused Trump of launching a Meme coin that harms the legitimate projects in the cryptocurrency industry. In a statement on January 20, Waters said that the Official Trump (TRUMP) represents "the worst of Crypto" and provides a case of concern for regulators and policymakers about the future of the cryptocurrency industry under the new presidential administration. She stated that after the insiders dumped the tokens, investors will "pay for it", which is alleged to be a "rug pull". She also said: "Even if the buyers are defrauded, the terms and conditions of the tokens prohibit them from filing a class action lawsuit." She added: "The buyers of this cryptocurrency also lack transparency, which is concerning. Through his Meme coin, Trump has created a way to circumvent national security and anti-corruption laws, allowing related parties to anonymously transfer funds to him and his inner circle."

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