NEW BILL TARGETS TRUMP'S CRYPTO VENTURES!

The new bill targeting Trump's crypto ventures is called the Curbing Officials' Income and Nondisclosure (COIN) Act, introduced by Senator Adam Schiff and nine other Democratic lawmakers. This bill aims to prevent "financial exploitation of digital assets" by public officials, including the President and their families.

Key Provisions:

-Prohibition on Crypto Activities: The bill prohibits the President, Vice President, and their family members from issuing, sponsoring, or endorsing any cryptocurrency assets, including stablecoins, meme coins, and NFTs.

Cooling-Off Period: A six-month cooling-off period is imposed before taking office and two years after leaving office, during which top officials cannot engage in cryptocurrency activities.

- Disclosure Requirements: Public officials must disclose sales of digital assets exceeding $1,000 in value to improve transparency around financial interests in digital assets.

Reason Behind the Bill:

The COIN Act is a direct response to Trump's crypto activities, particularly his $57.4 million earnings from his DeFi venture, World Liberty Financial. Senator Schiff emphasized the need to prevent financial exploitation of digital assets by public officials, citing concerns over Trump's use of the presidency to enrich himself and his family#NextFedChairCandidate #BTC110KToday? #TRUMP $BTC