Maxine Waters Unleashes Fury on Trump's Crypto Empire in Explosive House Hearing

In a no-holds-barred House hearing, Rep. Maxine Waters blasted Donald Trump's shady crypto dealings, claiming he's doubled his fortune by fleecing investors!

Trump's crypto ventures are a hotbed of corruption, Rep. Maxine Waters declared during a recent House hearing that had everyone on the edge of their seats. On April 9, the fierce Democratic congresswoman and House Financial Services Committee member didn't mince words, accusing the former president of using crypto to line his pockets at the expense of investors and the public.

Waters called out his memecoin, the Official Trump token (TRUMP), which has crashed a staggering 89.93% from its all-time high of $75.35 in January. She branded this "fraudulent memecoin" as one of several schemes that helped Trump double his wealth through crypto.

"President Trump has doubled his wealth, from $2.3 billion to $5.6 billion. His fraudulent memecoin lost investors $2 billion, while he and his family pocketed at least $350 million," Waters declared, dropping bombshell after bombshell.

But that's not all! During the same hearing, Waters exposed other Trump-linked crypto projects, including World Liberty Financial. She raised the alarm about these ventures being exploited by foreign or domestic actors to sway U.S. policy. She warned:

"I am deeply concerned that these ventures have created an avenue for interested parties, whether they are allies or adversaries, to anonymously transfer money to him and his inner circle."

Trump's WLFI Opens Pandora's Box of Corruption: Waters

Waters didn't stop there. She also took aim at the subcommittee on digital assets, financial technology, and artificial intelligence, which held the hearing. She accused the committee of being Trump's crypto cheerleaders, stating:

"This committee is helping Trump. Last week, this committee voted to make Trump the 'king of crypto,' by passing legislation that lets him corner the market on stablecoins, kick George Washington off the dollar, and make his own stablecoin legal tender."

Waters called out the recently announced WLFI stablecoin, USD1. This stablecoin would be redeemable for the U.S. dollar and backed by short-term U.S. Treasuries. Waters warned that the stablecoin could enjoy regulatory favoritism, giving Trump an unfair advantage.

Rep. Maxine Waters, alongside Senator Elizabeth Warren, has been a relentless critic of both Donald Trump and the deregulation of crypto assets. Both Waters and Warren demanded that all crypto legislation should undergo rigorous checks for Trump's potential conflicts of interest.