In brief
- Senator Adam Schiff introduced the COIN Act, which would bar the president, vice president, and their families from engaging in crypto businesses while in office.
- It would, if passed, punish them with civil fines and up to five years in prison for violating such rules.
- Just last week, however, Schiff voted to pass a crypto bill that failed to ban the president from engaging in stablecoin ventures.
On Monday, Sen. Adam Schiff (D-CA) became the latest Democrat to introduce legislation to ban the president and his family from profiting off crypto while in office—but just last week, Schiff helped pass legislation that would allow the Trumps to do just that.
The Curbing Officials’ Income and Nondisclosure (COIN) Act, introduced…
Jul 17 2025
