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Senator Gillibrand's Bid to Block Politicians From Meme Coin Profits Tests Crypto's Washington Influence

Summary by WebProNews
President Donald Trump pocketed more than $635 million from a single meme coin in 2025. That sum represented his largest reported income source for the year. Nearly one million buyers ended up underwater. Their collective losses topped $3.8 billion. Sen. Kirsten Gillibrand wants to make sure no elected official can repeat the feat. The New York Democrat has renewed calls for a ban on members of Congress, the president, and their spouses from iss…

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The Motley Fool broke the news in Alexandria, United States on Sunday, July 19, 2026.
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