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Democrats Strike Back with COIN Act: Blocking Trump & Officials from Crypto Profits
Democrats Strike Back with COIN Act: Blocking Trump & Officials from Crypto Profits
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Washington draws a hard line on political crypto plays.
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The COIN Act just dropped like a regulatory hammer—and it’s aimed squarely at Trump and Co. Democrats are slamming the door on public officials cashing in on crypto trades, framing it as a 'public trust firewall.' No more backroom Bitcoin bonanzas.
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Key takeaways:
- The bill targets insider-style moves by politicians riding crypto volatility.
- Enforcement would require disclosures sharper than a trader’s stop-loss trigger.
- Critics whisper it’s more about political theater than actual market reform—after all, since when did D.C. miss a chance to grandstand?
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One hedge fund manager quipped: 'Politicians banning profit? Now that’s a trade with negative alpha.'
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