U.S. Representative Maxine Waters: Trump represents the "worst side of Crypto"

Odaily Planet Daily News: Maxine Waters, a California congressman and the Democratic leader of the U.S. House Financial Services Committee, responded to the concerns of many cryptocurrency users and lawmakers who accused Trump of damaging legitimate projects in the cryptocurrency industry by launching Meme coins. Waters said in a statement on January 20 that Official Trump (TRUMP) represents "the worst side of Crypto" and provides regulators and policymakers with a case for worrying about the future of the cryptocurrency industry under the new presidential administration. It said that after TRUMP insiders sold tokens, investors would "pay for it," which was accused of "rug pull." It also said: "Even if buyers are deceived, the terms and conditions of the tokens prohibit them from filing class action lawsuits." He added: "There is also a lack of transparency among buyers of this cryptocurrency, which is worrying. Through his Meme coin, Trump has created a way to circumvent national security and anti-corruption laws, allowing relevant parties to anonymously transfer funds to him and his inner circle." (Cointelegraph)