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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Democrats have introduced the COIN Act to ban U.S. officials from profiting off digital assets, responding to Trump’s $57.4M crypto earnings. The bill aims to tighten ethics laws and close loopholes in political crypto dealings.
- The COIN Act bans U.S. officials and their families from crypto promotions or profits, covering 180 days before office and two years after.
- Stablecoin companies must quarterly certify no public officials profit from their tokens to gain regulatory approval.
- The bill updates the Ethics in Government Act, requiring digital asset disclosures and barring decisions that benefit officials’ crypto holdings.
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