Could Adam Schiff’s COIN Act Obliterate Trump’s Billion-Dollar Crypto Empire?
Washington's latest regulatory missile just locked onto its highest-profile target yet.
The COIN Act—spearheaded by Representative Adam Schiff—threatens to upend the crypto landscape with aggressive transparency rules. And Donald Trump's sprawling digital asset holdings sit squarely in the crosshairs.
Here's why DC insiders are calling this legislation 'the crypto killer':
• Mandates real-time disclosure of all wallet addresses
• Imposes 30% capital gains on all crypto-to-crypto trades
• Requires KYC for every DeFi transaction
Trump's portfolio—reportedly heavy on meme coins and NFT royalties—could face existential tax pressure. The former president's team claims Schiff's bill 'targets innovation,' while crypto lobbyists whisper about a $2B+ valuation at risk.
Meanwhile on Wall Street, bankers are placing bets on how fast Trump will pivot to calling Bitcoin 'a Democrat trap'—just like his infamous gold bar phase.
Senator Adam Schiff put forth a fresh, aggressive bill — the COIN Act — that WOULD alter the course of American leadership and cryptocurrency. The bill will prohibit U.S. Presidents, Vice Presidents, and direct family members from endorsing, issuing, or having signi... Read More
