COIN Act Threatens Trump’s Crypto Empire – Will Washington Finally Curb ’Corruption’ in Digital Assets?

Washington turns its sights on crypto's most controversial whale.

The COIN Act: Political Theater or Real Reform?

A new legislative bombshell targets former President Trump's cryptocurrency holdings—framed by sponsors as a 'clean-up' of political conflicts in digital markets. The bill's language drips with moral urgency, but skeptics see election-year posturing.

How It Hits Trump's Portfolio

While details remain scarce, the legislation appears designed to force disclosures—and possibly divestment—from politicians holding volatile digital assets. Trump's well-documented crypto ventures make him prime target #1.

Crypto Markets Shrug (For Now)

No major coin price movements followed the announcement—traders clearly betting this dies in committee. 'Politicians grandstanding about crypto corruption? Must be an election year,' quipped one hedge fund analyst.

The Bottom Line

Whether this bill lives or dies, it proves crypto's gone mainstream: when Washington starts drafting laws specifically about your Bitcoin stash, you've officially stopped being the underdog.

Trump’s crypto interest faces resistance

The bill establishes a prohibition against the President, the Vice President, and their family members from issuing or endorsing any cryptocurrency assets. Furthermore, it includes a cooling-off period of six months prior to taking office and two years after leaving office.

During this time, top officials WOULD not be allowed to engage in any activities related to cryptocurrencies. According to Schiff, the bill would definitively address concerns linked to Trump’s crypto dealings.

Unsurprisingly, this isn’t the first proposal to try and curb Trump’s interest in the sector. There have been two other bills aimed at Trump’s crypto ventures. 

STOP TRUMP Act laid the groundwork

In late May, Congressman Stephen Lynch introduced a STOP TRUMP in Crypto Act of 2025, which would have extended the crypto ban to Congress members. At the time, Lynch claimed, 

“Since returning to office, President Trump has used the power of the presidency to shamelessly promote and profit from a series of crypto ventures tied to himself and his family.”

He alleged that the President earned over $450 million from TRUMP and MELANIA memecoins, while defrauding investors. 

Another proposal, the MEME Act, by Democratic Representative Sam Licardo, proposed a wider ban to include active senior WHITE House officials and family members of Congress members. 

Worth noting, however, that the recently passed GENIUS Act excludes the President and the Vice President from conflict of interest provisions. 

Trump and his family have built a vast cryptocurrency empire. This empire includes a variety of digital currencies, ranging from memecoins to stablecoins.

Most of these projects are managed by World Liberty Financial (WLFI). WLFI is also responsible for its fastest-growing stablecoin, USD1.

Alas, his crypto ventures have been marred by scandals and corruption claims, including a conflict of interest in the space. Apart from the GENIUS Act, none of the other three proposals has advanced to offer insights into how they would directly impact his crypto dealings.