🚀 US DEMOCRATS LAUNCH “LEGAL BLOCKBUSTER”: WANT TO BAN TRUMP AND OFFICIALS FROM PROFITTING FROM CRYPTO
⭐ Main summary:
🟢 The “End Crypto Corruption Act of 2025” bill has just been submitted to the US Senate by 20 Democratic Senators.
🟢 Absolutely prohibit the President, Vice President, members of Congress, officials approved by the Senate – including Elon Musk – from issuing, sponsoring or promoting any digital assets: memecoin, stablecoin, NFT, options, ETFs...
🟢 The ban extends to relatives: Spouses and dependent children are also not allowed to “circumvent the law”.
⭐ Heavy penalties:
🟢Civil penalties: up to 10% of the value of digital assets or total profits earned
🟢Criminal penalties: up to 5 years in prison, permanent ban from holding government office if causing losses >$1 million or serious ethical violations
🟢 The move is said to be aimed at Donald Trump, who currently holds a high position at the DeFi project World Liberty Financial and is behind the memecoin TRUMP and stablecoin USD1
🟢 Senator Elissa Slotkin:
“We cannot let a President create and market crypto for his own personal enrichment.”
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