An American senator wants to ban politicians from creating or promoting cryptocurrencies. Why? Because the 'Trump Coin' has appeared, and some consider it a scheme for enrichment through influence.
Imagine: the president launches a cryptocurrency. His fans buy it up because they trust him. The price rises. Then the team quietly sells their coins — and makes millions. Meanwhile, ordinary people are left with nothing. This is called 'pump & dump' — artificially inflating and then dumping.
Politicians have power, media access, and influence. If they promote coins, it’s not quite a fair game. Therefore, the idea of limiting them in this regard is healthy. It’s like prohibiting a judge from playing for one of the teams — it’s simply a conflict of interest.
Will this stop all abuses? No. But it will show that the cryptocurrency market must be transparent and fair — even for the most influential.
Cryptocurrency should be about freedom and trust. Not about who has more followers or power.