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Democrats in the Senate announced that they will introduce a new bill that will prohibit federal officials and their families from issuing digital assets. It is noted that the bill is aimed at American President Donald Trump and his family, who have current holdings of stablecoins and meme coins##*.

"Currently, individuals who wish to strengthen their influence over the president can enrich him personally by purchasing cryptocurrency that he owns or controls... This is a deeply corrupt scheme. It threatens our national security and undermines public trust in the government. Let’s put an end to this corruption immediately," said Senator Jeff Merkley.##**

Republicans in the Senate also expressed skepticism about Trump’s competition. At least one of the president's allies, Senator Cynthia Lummis from Wyoming, proposed working with Democrats in efforts to regulate the activities of lawmakers who hold digital assets.##

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