Waters, a leading Democrat on the committee, described the cryptocurrency as a potential risk to national security, accusing the administration of leveraging it to skirt transparency and anti-corruption safeguards.<\/p>\n
The memecoin, which has drawn significant attention due to its volatility and ties to the president, has become a flashpoint in discussions about the intersection of politics and crypto. Waters criticized Republican lawmakers for ignoring the potential ethical and financial conflicts linked to the token, calling its implications deeply troubling.<\/p>\n
In her remarks on January 22, Waters referred<\/a> <\/strong>to the TRUMP<\/a> <\/strong>memecoin as a concerning example of how cryptocurrencies could be misused. She claimed that the token opens the door for anonymous financial transactions that could bypass regulatory oversight, raising alarms about its potential misuse by individuals within the president\u2019s circle.<\/p>\n