Kirsten Gillibrand calls for ban on elected officials issuing memecoins after Trump’s $636 million crypto windfall

Senator Kirsten Gillibrand is proposing a ban to prevent the US president, members of Congress, and their spouses from issuing or sponsoring their own digital assets, specifically memecoins. This push for crypto ethics laws follows Donald Trump's $636 million crypto windfall. The proposed restrictions aim to reshape political accountability and could significantly impact future crypto regulations and bipartisan support, ensuring that elected officials do not leverage their positions to launch personal cryptocurrency projects.