U.S. Senator Proposes Ban on Elected Officials and President Issuing or Sponsoring Personal Tokens

Odaily Planet Daily 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 prohibiting elected officials and their spouses from issuing or sponsoring their own digital assets. The restriction would cover all U.S. presidents and their spouses, but it is unclear whether it would extend to the vice president or their family members. Kirsten Gillibrand is one of the senators behind the Senate's "Digital Asset Market Transparency Act," which has faced multiple delays due to concerns over ethics, tokenization, and stablecoin incentives.