During the hearings in the Committee for Financial Services of the House of Representatives of the US Congress, Maksin Waters accused the American president of enrichment at the expense of Trump Memecoirs. According to the Congresswomen, Trump organized a large “crypto -structure”, where investors lost about $ 2 billion, while the president and his family “picked up” at least $ 350 million.
Trump continues to pump up the chosen participants of the crypto market, among whom his business partners and even members of the administration, including Cryptosar, David Sacks and the Minister of Trade of Howard Lutnik, is unhappy with Waters.
“Trump was enriched at the expense of cryptocurrencies, not doing anything to reduce the cost of the life of ordinary American families, as promised before the elections. And now his decree on the creation of a reserve in bitcoins and other cryptocurrencies that the government confiscated will benefit only Trump himself and his close associates, ”Waters said.
The authorities should store only strategic reserves that are intended for the development of the economy and defense costs – however, cryptocurrencies do not have their own value, so they will not help the national economy and defense, and Waters insists.
“The only people who benefit from crypto -reserve are Trump’s insiders who already hold these cryptocurrencies and want to benefit, rather than an average person. This will encourage the Trump administration to make risky regulatory decisions to maintain the value of reserves, putting a wide market for participants, ”the congressman added.
She called on the White House administration to cooperate with the Congress on the creation and financing of the strategic reserve of bitcoins. This is necessary to enhance the supervision of crypto actures that Trump seeks to accumulate, as well as to prevent fraud, due to which investors can bear multi-billion dollar losses.
Earlier, Walters called the Trump Memcoin worst of all cryptocurrencies. The congressman criticized the launch of the PayPal PyUSD payable steablecoin service, since clear rules for the protection of consumer rights at the federal level have not yet been established, and users may suffer from attackers.
Source: Bits
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