Adam Schiff, Beneficiary Of Crypto Campaign Cash, Introduces Presidential Crypto Ban
WASHINGTON – Sen. Adam Schiff (D-Calif.) on Monday introduced a bill banning the president and other top U.S. officials from participating in crypto business schemes while in office.
The Curbing Officials’ Income and Nondisclosure Act would bar top-ranking U.S. officials from issuing, sponsoring or endorsing digital assets, including memecoins, stablecoins and NFTs, as President Donald Trump has done.
Progressive Democrats had hoped to include a presidential crypto ban as part of a stablecoin regulation bill the Senate passed last week, but Republicans said no, and then Schiff and 17 other Democrats voted for the bill anyway.
Republicans aren’t interested in policing Trump’s crypto conflicts of interest, so it’s not clear…
