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Coin Edition 2025-05-12 07:35:00

US Senate Democrats Introduce Bill to Curb Officials’ Crypto Endorsements

US Senate Democrats Introduce Bill to Curb Officials’ Crypto Endorsements

Senate Democrats propose a crypto endorsement ban for top U.S. officials and families. Bill responds to Trump, Musk ties to memecoins; enforcement scope remains unclear. Separate stablecoin regulation bill fails key Senate vote despite bipartisan support. Twenty Senate Democrats in the U.S. have put forward a new bill designed to restrict cryptocurrency endorsements and related activities among top government officials and their immediate families. The proposed law, introduced on May 7, aims to address rising scrutiny over potential conflicts of interest at the highest levels of the U.S. government. “End Crypto Corruption Act” Targets Senior US Officials The bill, officially named the “End Crypto Corruption Act of 2025,” seeks to prohibit a wide range of senior officials from issuing, promoting, or endorsing cryptocurrencies. This list includes the president, vice president, members of Congress, and select executive appointees. These proposed restrictions also extend to their spouses and dependent children, covering their terms in office and an additional year after they depart. The legislation would apply to all promotional activities and sponsorsh… The post US Senate Democrats Introduce Bill to Curb Officials’ Crypto Endorsements appeared first on Coin Edition .

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