Twenty US Senate Democrats have introduced a new bill aimed at restricting support for cryptocurrencies and related activities among senior government officials and their immediate families.
The proposed legislation aims to eliminate potential conflicts of interest at the highest levels of the US government.
The bill, called the Cryptocurrency Anti-Corruption Act of 2025, would prohibit a wide range of high-ranking officials from issuing, promoting, or endorsing cryptocurrencies. That list includes the president, vice president, members of Congress, and elected executive branch appointees. The same restrictions would apply to their spouses and children, even a year after they leave office.
The bill covers cryptocurrency-related advertising and sponsorships, but does not prohibit regular trading. Violations of the potential law would result in monetary fines and even jail time.
There is no doubt that this initiative arose due to the issuance of memecoins by President Trump and his wife, the prices of which are determined by their high social status. In addition, Trump’s sons created a crypto company World Liberty Financial, associated with the promotion of digital assets, including the stablecoin WLD1.
Senate Democrats Raise Concerns Over $2B WLD1 Transaction Between Crypto Exchanges Binance and an Abu Dhabi investment firm, citing possible corruption.
