CoinVoice has recently learned that, according to The Verge, Senate Democrats announced on Tuesday that they would introduce a new bill to prohibit federal officials and their families from issuing digital assets, following a sudden withdrawal of support for the Senate's first stablecoin regulatory bill. This bill directly targets the stablecoins and meme coins currently held by Trump and his family.

The bill's sponsor, Oregon Democratic Senator Jeff Merkley, stated, "Currently, anyone wishing to establish a relationship with the president can profit personally by purchasing the cryptocurrencies owned or controlled by him, which is an extremely corrupt act that threatens our national security and undermines public trust in government. We must end this corruption immediately." [Original link]