New Bill Aims to Halt Presidential Crypto Profiteering

Rep. Ritchie Torres (D) has introduced a bill prohibiting federal officials from profiting from digital assets. The proposed legislation, titled “Stop Presidential Profiteering from Digital Assets Act”, seeks to prevent the use of digital assets by individuals in government positions and their immediate family members for personal gain. Notably, the bill aims to restrict any involvement in the creation, promotion, or sale of cryptocurrencies featuring the likeness or branding of public officials.