U.S. Senator Proposes Banning Elected Officials and Presidents from Issuing or Endorsing Personal Tokens

Odaily Planet Daily News: U.S. Senator Kirsten Gillibrand has proposed banning elected officials and the president from issuing or endorsing their own tokens. In a statement, Gillibrand said Congress should support measures that prohibit elected officials and their spouses from issuing or endorsing their own digital assets. The restriction would cover all U.S. presidents and their spouses, but it remains unclear whether it would extend to the vice president or their family members. Kirsten Gillibrand is one of the key senators behind the negotiations for the Digital Asset Market Transparency Act in the Senate, which has faced multiple delays due to concerns over ethics, tokenization, and stablecoin rewards.