U.S. Senator Proposes Banning Elected Officials and the President from Issuing or Sponsoring Personal Tokens

Odaily Odaily News: U.S. Senator Kirsten Gillibrand has proposed banning elected officials and the president from issuing or sponsoring their own tokens. In a statement, Gillibrand said Congress should support measures that prohibit elected officials and their spouses from issuing or sponsoring their own digital assets. This restriction would cover the U.S. President and their spouse, but it is not clearly specified whether it would extend to the Vice President or their family members. Kirsten Gillibrand is one of the senators behind the negotiations for the Digital Asset Market Structure Transparency Act in the Senate, a bill that has faced multiple delays due to concerns over ethics, tokenization, and stablecoin incentives.