US lawmaker says TRUMP coin could risk national security
In a meeting of the US House Financial Services Committee, Maxine Waters criticized Republican lawmakers for not addressing the US president’s potential conflicts of interest.
California Representative Maxine Waters, a Democrat and ranking member of the US House Financial Services Committee, warned lawmakers that President Donald Trump’s memecoin potentially opened the door to corruption and risks to national security.
In a Jan. 22 organizational meeting for the committee to adopt rules and an oversight plan in the 119th session of Congress, Waters said it was “alarming” that the Republicans’ plan — the party has majority control in the House of Representatives — did not include oversight of crypto firms and other financial institutions.
She referenced tech billionaires and CEOs attending Trump’s inauguration inside the US Capitol Building on Jan. 20, while many were left out in the freezing temperatures and took aim at the Official Trump (TRUMP) token launch.
“[T]he plan is notably silent about reviewing the actions taken by the current President, including potential conflicts of interest that may put our national security at risk,” said Waters. She continued:
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Author: Turner Wright
