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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Senator Adam Schiff and fellow Democrats have introduced the COIN Act to prevent public officials, including the president, from exploiting digital assets for personal gain. The bill follows concerns over Donald Trump’s crypto-related income disclosures.
- The COIN Act targets financial exploitation of digital assets by public officials, including the president.
- The bill was introduced after Trump disclosed $57.4M in crypto-related income from WLF, a platform backed by his family.
- Schiff and Democrats argue the legislation is necessary to address ethical and constitutional concerns over presidential crypto dealings.
📎 Read the original article on cointelegraph.com
Other Tags: Adam Schiff, Maxine Waters