U.S. Lawmakers Propose Ban on Crypto Transactions for Presidents and Families

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-06-24 19:07:01

BTCCSquare news:

Senator Adam Schiff introduced the COIN Act, targeting potential conflicts of interest involving cryptocurrency transactions by U.S. presidents, vice presidents, and their immediate families. The bill imposes strict prohibitions on issuing, sponsoring, or endorsing digital assets—including cryptocurrencies, NFTs, and stablecoins—while in office.

The legislation mandates disclosure of digital asset sales exceeding $1,000, aiming to increase transparency. Violations could result in civil penalties matching profits from prohibited transactions and up to five years imprisonment. Ten Democratic lawmakers support the measure as regulatory scrutiny of political figures' crypto activities intensifies.

By:

Log in to Reply

Nasdaq 100 Nears Record High Amid Weak Consumer Confidence

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.