Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Real-World Assets
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Crypto
Politics
Sports
Overall NFT Stats
Upcoming Sales
Market Overview
Spot Market
No. of Cryptocurrencies
Bitcoin Treasuries
BNB Treasuries
Fear and Greed Index
Altcoin Season Index
Market Cycle Indicators
Bitcoin Dominance
CoinMarketCap 20 Index
CoinMarketCap 100 Index
Crypto ETFs
Bitcoin ETFs
Ethereum ETFs
RSI
MACD
Overview
Liquidations
Funding Rates
Signals
Trending
New
Gainers
Meme Explorer
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Launch
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
News
Academy
Research
Videos
Glossary
Ask CMC AI
AI Alerts
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
Democratic Senator Adam Schiff Introduces COIN Act Targeting Trump's Cryptocurrency Connections
California Senator Adam Schiff unveiled legislation Monday aimed at preventing financial exploitation of digital assets by the president and other public officials.
The Curbing Officials' Income and Nondisclosure (COIN) Act directly responds to President Trump's $57.4 million income disclosure from World Liberty Financial.
Nine Democratic senators joined Schiff in introducing the bill, which would prohibit issuing, sponsoring, or endorsing #cryptocurrencies, meme coins, NFTs, and stablecoins.
The prohibition would extend 180 days before and two years after an individual's time in public office.
The legislation specifically targets payment stablecoins, relevant to World Liberty Financial's USD1 stablecoin launched in March.
Trump's family reportedly reduced its World Liberty Financial stake from 75% to 40% between December and June.
