A new bill has just been introduced called the COIN Act, aimed at preventing President Trump, his family, and other senior officials from issuing or endorsing crypto during their term and for two years after leaving office.

The conflict of interest between the crypto activities of President Trump's family and senior officials with their public endorsement of crypto is an issue. With that perspective, it’s understandable why this bill exists.

ℹ️ However, it should be noted that US senators and representatives can also benefit from trading stocks of the companies they oversee or regulate, and they have the potential to influence the market for personal or political gain.

So why accept that US lawmakers have the right to access insider information or influence policy to profit from stocks while banning the same in the crypto market? If there is a ban, it should apply to both, including prohibiting lawmakers from trading stocks. Or is this just a ploy to attack crypto from opponents? 🤷‍♂️