US Congress Targets Crypto Regulation With Proposed Ban on Political Figures’ Crypto Involvement and June 8 Bitcoin Hearing

US lawmakers are intensifying scrutiny of cryptocurrency regulation, specifically regarding the involvement of high-ranking political figures in digital asset markets. Led by Rep. Maxine Waters, Democrats have introduced the ’Stop TRUMP in Crypto Act of 2025,’ seeking to ban US presidents, vice presidents, members of Congress, and their families from owning, promoting, or trading cryptocurrencies while in office. This move responds to concerns over former President Trump’s ties to the $TRUMP memecoin and his broader participation in crypto. The House Financial Services Committee, chaired by Waters, is set to hold a Minority and Women Inclusion (MWI) hearing on June 8, focusing on allegations about Trump’s crypto activities and reviewing key legislative proposals, including the Preventing Trump’s Participation in Cryptocurrency Act (HR 3573) and the CLARITY Act (HR 3633). The session will spotlight regulatory gaps, compliance risks, and the need for governance in crypto, especially regarding Bitcoin and stablecoins. These developments reflect Congress’s growing focus on preventing conflicts of interest, market manipulation, and regulatory capture as digital assets become more intertwined with US politics. Crypto traders should monitor the hearing outcomes and proposed legislation closely, as any regulatory shifts could significantly impact market sentiment, trading strategies, and the broader landscape for US crypto regulation.