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Schiff Unveils Presidential Crypto Ban Legislation
- Senator Adam Schiff introduced the COIN Act on Monday to ban the president and top officials from engaging in cryptocurrency schemes while in office.
- The bill follows reports that Donald Trump earned over $57 million in 2024 from crypto ventures, prompting concerns over conflicts of interest and corruption.
- The COIN Act prohibits issuing, sponsoring, or promoting digital assets, including memecoins, NFTs, and stablecoins, and applies restrictions before, during, and after officials' terms.
- In a video shared on X, Schiff remarked that Donald Trump has financially benefited greatly from his time in the presidency, and said the bill seeks to put an end to the blatant corruption.
- If passed, the legislation could reshape crypto regulation by drawing clear lines between financial influence and policymaking while promoting transparency among public officials.
26 Articles
26 Articles
Trump's Crypto Ventures Have Been 'Lucrative,' But Adam Schiff Says He Is Bringing In A Law To End 'Corruption In Plain Sight'
Rep. Adam Schiff (D-Calif.) introduced legislation Monday aimed at curbing the alleged corruption in cryptocurrency ventures by President Donald Trump and other senior administration officials. What Happened: In a video posted on X, Schiff said the so-called COIN Act wants to end the ongoing “corruption in plain sight.” “The presidency has been super lucrative for Donald Trump,” he said. “Nothing has been more lucrative than the cryptocurrency s…
Sen. Adam Schiff introduces COIN Act to prevent public officials, including President Trump, from financially benefiting from crypto and digital assets.
Lawmakers Move to Restrict Government Officials from Profiti
The bill seeks to limit crypto gains by high-ranking government officials. COIN Act covers a wide range of public figures and mandates transparency. Continue Reading:Lawmakers Move to Restrict Government Officials from Profiting on Cryptocurrencies The post Lawmakers Move to Restrict Government Offi...
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