🏛️ U.S. Senator Adam Schiff Introduces COIN Act
Tightens Crypto Restrictions for Top Officials
📜 Key Highlights of the COIN Act:
🚫 Bans U.S. President, VP & immediate family from:
• Participating in crypto businesses
• Issuing or promoting any crypto assets
💵 Requires disclosure of any crypto transaction over $1,000
⚖️ Violations = Up to 5 years in prison + fines
🗣️ Why It Matters:
This bill aims to prevent conflicts of interest and boost transparency as government officials navigate crypto policy.
👁️ Critics say it could also stifle innovation and limit crypto advocacy at the highest levels.
🔍 Status: Awaiting debate in the U.S. Senate.