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BTCC / BTCC Square / Global Cryptocurrency /
US Lawmakers Introduce COIN Act to Curb Crypto Profits by Public Officials

US Lawmakers Introduce COIN Act to Curb Crypto Profits by Public Officials

Author:
Global Cryptocurrency
Published:
2025-06-24 15:49:02
6
1
BTCCSquare news:

Senator Adam Schiff and a coalition of Democratic lawmakers unveiled the COIN Act on June 23, targeting financial conflicts of interest involving digital assets. The bill responds to reports of President Trump earning $57 million through a crypto venture in 2024, sparking ethical concerns.

The legislation proposes sweeping restrictions, including bans on public officials issuing or promoting cryptocurrencies. Watchdog groups CREW and Public Citizen have endorsed the measure, framing it as necessary to prevent abuse of power for private gain.

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