Democratic senators propose ban on presidents investing in or supporting crypto assets

Odaily News After abruptly withdrawing support for the Senate’s first stablecoin regulation bill, Senate Democrats announced on Tuesday that they would introduce a new bill to ban federal officials and their families from issuing digital assets, a bill that directly targets the stablecoins and meme coins currently held by Trump and his family.
The bill's sponsor, Oregon Democratic Senator Jeff Merkley, said, "Currently, anyone who wants to establish a relationship with the president can make personal profits for the president by purchasing cryptocurrencies owned or controlled by him. This is an extremely corrupt practice that threatens our national security and erodes the public's trust in the government. We must end this corruption immediately." (The Verge)