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Gillibrand Pushes Ban on Official Memecoins | Bitcoin and Crypto News
Description
Senator Kirsten Gillibrand is pushing for a ban on elected officials—including the President and their spouses—from creating or backing memecoins, calling it a commonsense move to prevent self-dealing and protect consumers. Her proposal follows past controversies, including the removal of Trump-specific memecoin provisions from a stablecoin bill and her earlier claims that Trump’s coin may have violated existing laws. While the ban targets the President and spouse, it excludes other family members—raising questions about broader accountability. Gillibrand’s goal: ensure crypto regulation serves the public, not personal gain.
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