US EditionSchiff Unveils Presidential Crypto Ban Legislation
- Senator Adam Schiff introduced the COIN Act to ban the president, vice president, and senior officials from profiting in crypto while in office.
- The bill responds to concerns about Donald Trump and his family's reported $57 million earnings from crypto ventures amid growing ethical and legal issues.
- The COIN Act bars high-ranking officials from promoting or supporting digital assets, mandates transparency disclosures, and enforces these rules before, during, and after their time in office.
- Nine Senate Democrats back the bill alongside Schiff, who called it a move to end 'corruption in plain sight' related to cryptocurrency schemes.
- If passed, the COIN Act could set new transparency and ethical standards for digital assets in politics, especially amid Republican opposition to some crypto restrictions.
21 Articles
21 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.
Democrats Launch COIN Act to Restrict Crypto for Trump
The COIN Act bans U.S. officials and their families from promoting or profiting off digital assets before, during, and after their time in office. The bill responds to Trump’s reported $57.4 million crypto earnings and aims to tighten ethics laws around crypto holdings. Democrats in Congress have introduced the COIN Act, a new bill targeting crypto holdings by public officials, including President Donald Trump. The proposal seeks to close what l…
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