U.S. Senate Proposes Bill to Limit Cryptocurrency Holdings of Officials

The U.S. Senate has introduced legislation aiming to prevent public officials from profiting from cryptocurrency holdings. The bill, dubbed the ‘End Crypto Corruption Act’, seeks to restrict elected officials’ access to digital assets and address potential conflicts of interest. This proposal is expected to impact cryptocurrencies like ETH and BTC, as well as memecoins, due to its focus on transparency within government.