#Bianance $BTC

Bitcoin crashes! Falls below $100,000, market value surpassed by Google

Last Sunday (June 22), the U.S. military launched airstrikes on Iran’s three nuclear facilities, and the Iranian parliament agreed to close the Strait of Hormuz, and the situation in the Middle East was extremely tense. In addition, U.S. President Trump hinted at regime change in Iran this morning, further exacerbating the panic in the crypto market, and Bitcoin suffered a setback.

Democratic Senator Introduces Bill: Banning Public Officials from Investing in Cryptocurrency

Democratic Senator Adam Schiff introduced legislation on Monday aimed at preventing public officials, including President Donald Trump and his family, from investing in and participating in cryptocurrency-related activities.

The Curbing Officials’ Income and Nondisclosure (COIN) Act seeks to prevent the president, other senior executive and federal officials, and members of Congress from issuing, sponsoring, or supporting digital assets.

Schiff criticized Trump’s cryptocurrency investments and business activities when he unveiled the COIN Act, saying that “Donald Trump and other senior government officials have made a huge fortune through cryptocurrency schemes.”

“Today, I am introducing the COIN Act to stop this blatant corruption,” Schiff said when announcing the bill on social media.

Trump has launched a series of executive orders supporting cryptocurrency since taking office, and several senior officials in his administration are also seen as holding pro-cryptocurrency views.

The president himself has also participated in cryptocurrency activities, launching a meme coin themed after himself shortly after taking office. The Trump family also owns several cryptocurrency projects, the most notable of which is World Liberty Financial.💯🤑