Golden Finance reported that California Rep. Maxine Waters, the Democratic leader of the U.S. House of Representatives Financial Services Committee, responded to the concerns of many cryptocurrency users and lawmakers, who accused Trump of harming legitimate projects in the cryptocurrency industry by launching Meme Coin. Waters said in a statement on January 20 that Official Trump (TRUMP) represents “the worst of Crypto” and provides regulators and policymakers with a reason to worry about the future of the cryptocurrency industry under a new presidential administration. case. It said that after TRUMP insiders sold tokens, investors would "pay for it", which was accused of being a "rug pull." He also said: "Even if buyers are defrauded, the terms and conditions of the token prohibit them from filing a class action lawsuit." He added: "There is also a worrying lack of transparency from buyers of this cryptocurrency." Via his Meme With currencies, Trump has created a way to circumvent national security and anti-corruption laws, allowing interested parties to anonymously transfer funds to him and his inner circle.”