Rep. Maxine Waters calls for stricter crypto regulations targeting Trump projects

In a recent announcement, U.S. Representative Maxine Waters has called for stricter regulations on cryptocurrency, particularly targeting projects linked to former President Donald Trump. Waters is advocating for the implementation of “clear but tough standards” to govern the crypto sector and is pushing for a stronger consumer protection bureau, according to Politico. This move comes amid heightened scrutiny of Trump-linked crypto projects like World Liberty Financial (WLFI), which issues the USD1 stablecoin and WLFI governance token. The Office of the Comptroller of the Currency (OCC) has already given preliminary approval for a related trust bank to handle digital assets.