A gaggle of Democratic senators has unveiled a brand new invoice geared toward blocking public officers from launching or selling cryptocurrencies — a transfer that seems intently tied to rising considerations over President Trump’s ties to token initiatives.
The “Finish Crypto Corruption Act of 2025,” launched on Might 7, would ban present and former top-ranking federal officers — together with the President, Vice President, members of Congress, Cupboard appointees, and sure govt employees — from issuing or endorsing digital property. The restrictions would additionally lengthen to spouses and dependent kids, lasting by means of their time period and one 12 months after.
Though the laws permits customary asset gross sales, it consists of penalties for any promotional exercise and is designed to forestall abuse of public workplace for private crypto income. The proposal follows controversy over Trump-themed memecoins and a White Home dinner invitation prolonged to high holders of 1 such token, elevating alarms about potential self-dealing.
Senator Elissa Slotkin, one of many invoice’s co-sponsors, stated the intention is to draw a line between political energy and personal acquire. “The president isn’t simply embracing crypto — he’s monetizing it,” she stated.
Additionally caught within the highlight is Elon Musk, who serves in a federal advisory function below the Division of Authorities Effectivity (DOGE). Musk lately clarified that his workplace has no affiliation with the memecoin of the identical title and won’t put it to use in any formal capability.
The invoice surfaces amid a bigger partisan standoff over crypto regulation, notably round stablecoin coverage. Democrats have expressed frustration over GOP resistance to provisions associated to anti-money laundering and international oversight. Current studies suggesting a possible $2 billion deal involving a Trump-associated stablecoin and a international funding agency have solely deepened considerations.
Whereas it stays unclear how sure relationships — resembling Trump’s function at World Liberty Monetary — can be dealt with below the invoice, lawmakers backing the measure say it’s a essential step to preserve public workplace from turning into a launchpad for personal token schemes.
Kosta Gushterov
Reporter at Coindoo
Kosta has been part of the workforce since 2021 and has solidified his place with a thirst for data, unbelievable dedication to his work and a “detective-like” mindset. He not solely covers a variety of trending subjects, he additionally creates opinions, PR articles and academic content material. His work has additionally been referenced by different information shops.
