Senate Democrats Introduce Bill Restricting Digital Assets for Federal Officials

Senator Jeff Merkley has introduced a bill prohibiting U.S. federal officials and their families from issuing digital assets, following the withdrawal of support for a stablecoin regulation bill. The proposed legislation seeks to curtail the ownership of cryptocurrencies by President Donald Trump and his family, including both stablecoins and meme coins. The bill is aimed at addressing concerns regarding potential conflicts of interest arising from connections with the President and influencing his access to crypto assets.