
US Senator Pushes Ban on Elected Officials Issuing Meme Coins
Senator Kirsten Gillibrand wants to bar members of Congress, the president and their spouses from launching digital assets, following Donald Trump's crypto earnings disclosure.

Ada Okonkwo
Startups & VC Editor · Lagos
A US lawmaker is moving to prohibit federal elected officials from launching their own cryptocurrencies, a proposal with potential ripple effects for how digital-asset governance is debated on both sides of the Atlantic.
What Is Being Proposed
Senator Kirsten Gillibrand is calling for legislation that would prevent members of Congress, the US president and their spouses from issuing or sponsoring their own digital assets, according to reporting from Cointelegraph. The measure specifically targets so-called meme coins — tokens that typically derive value from online attention and speculation rather than an underlying product or utility.
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