In the US want to ban cryptocurrency promotion officials

Twenty senators from the US Democratic Party have proposed a bill prohibiting the President, the Vice President, the Congress members and their families to release or to release or Advertise cryptocurrencies.

The initiative called “Law on Cryptocorruption – 2025” also applies to executive officials – including Ilon Musk, who holds the position of head of the State Efficiency Department (Doge).

The document became a response to the conflict around the Genius Act law on steiblcoins. Some of the Democrats refused to support him, accusing the Republicans of neglecting measures to counteract money laundering.

The purpose of the initiative is to prevent conflict of interest. As an example, President Donald Trump, who released the Trump meme, was mentioned, and subsequently offered it to the great VIP-meeting hoodlers in the White House.

The bill provides for penalties, criminal liability and a ban on commercial activities within a year after dismissal from the State Administration.

The status of Trump as a “Chief Crypto Author” in the World Liberty Financial (WLF) related to his family remains in question. Democrats also expressed anxiety due to Binance Agreement for $ 2 billion with the use of USD1 steiblcoin released by WLF.

“It is more important to stop the President, who sells his own currency than regulating cryptoring as a whole,” said Senator Elissa Slotkin.

According to her, the proposed law “removes the crocodile, which is already in the boat.”

We will remind, in March WSJ and Bloomberg reported that the Trump and WLF family plan to buy a share in the US unit of Binance. This information was denied by both the Exchange of Changpen Cheo and representatives of the company related to the presidential family.

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