US Senator Adam Schiff has introduced a new bill that aims to prevent President Donald Trump and his family members from enriching themselves via crypto.
The potential legislation, titled the Curbing Officials’ Income and Nondisclosure (COIN) Act, would prohibit the president, vice president, high-ranking executive branch employees, special government employees and members of Congress from issuing, sponsoring or endorsing digital assets.
The ban would last from 180 days prior to an individual’s public services until two years afterward, and it would also extend to officials’ immediate family members.
If passed, the bill would also require public officials to include crypto assets in their annual financial disclosures and periodic transaction reports.
Schiff (D-California) says in a new press release that Trump’s crypto deals “have raised significant
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