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U.S. Lawmakers Propose Restrictions on Government Officials’ Crypto Profits
U.S. Lawmakers Propose Restrictions on Government Officials’ Crypto Profits
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BTCCSquare news:
Senator Adam Schiff has introduced the COIN Act, targeting high-ranking government officials—including former President Donald Trump and his family—to curb financial gains from cryptocurrencies. The bill mandates transparent reporting and prohibits crypto endorsements six months before taking office until two years after leaving.
The legislation extends to the Vice President, senior executives, and Congress members, requiring annual disclosures of crypto holdings and transaction reports. Schiff emphasized ethical concerns, particularly around the TRUMP family's potential conflicts of interest.
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