13 February 2026
On May 6, 2025, something remarkable happened during a hearing in the United States House of Representatives to discuss new cryptocurrency legislation. The session became so heated that it ended in a shouting match. This incident not only highlights the tense political atmosphere surrounding crypto, but also the possible conflict of interest of none other than American President Donald Trump himself. What exactly happened, and how deeply are Trump's personal interests intertwined with cryptocurrencies?
Congresswoman Maxine Waters publicly distanced herself from the meeting during the proceedings, clearly frustrated by the Trump family’s close ties to certain crypto activities. She expressed her concerns about the president’s corruption, who she claims controls crypto assets while simultaneously having influence over relevant government agencies. Waters made it very clear: no support for crypto legislation as long as Trump and his family can directly profit from it.
Tensions quickly rose when other Democrats spoke out against the profits Donald Trump allegedly made from his crypto transactions, estimated at around $2,9 billion. The Republicans failed to maintain order, and noisy confrontations ensued. Eventually, the Democrats decided to leave the session and organize their own discussion about what they see as the "corruption of Trump."
The accusations of corruption are not out of the air. Trump, in addition to enormous profits from his meme coin TRUMP, is said to have offered exclusive events and discounts to major investors in his crypto projects. For example, he organizes a dinner and a tour of the White House for important owners of his token. It was also revealed that his sons closed a major crypto deal in Dubai. These actions raise serious questions about possible conflicts of interest and corruption within the White House.
The hearing and the complexity surrounding Trump’s activities are clear evidence that the influence of politics on crypto markets can be immense. For crypto investors and enthusiasts, this is a clear signal to keep a close eye on political developments – because at the end of the day, it could hit their wallets!
What exactly did Maxine Waters say during the hearing?
Maxine Waters expressed her concerns about President Trump's involvement and potential corruption in cryptocurrencies, stating that she would not support legislation that would allow Trump or his family to gain personal advantage in the crypto sector.
What amount of money is said to have been earned by Trump from his crypto transactions?
There is talk of President Trump making $2,9 billion from his crypto trades, which represents a significant portion of his net worth.
Have any other suspicious activities from Trump regarding crypto been mentioned?
Yes, in addition to the profits from his meme coin TRUMP, events such as dinners and tours of the White House were promised to major investors in his crypto projects. This raises questions about possible conflicts of interest and corruption.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
