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Gillibrand Calls for Ban on Digital Asset Issuance by President, Members of Congress
JH Kim
Summary
- Gillibrand said ethics rules are needed to ban digital asset issuance by the president and members of Congress.
- She renewed her call for tighter digital-asset ethics rules after Trump’s financial disclosure showed more than $600 million in profit from the TRUMP memecoin.
- Gillibrand said an ethics overhaul is needed to prevent the president, members of Congress and their spouses from issuing or endorsing digital assets.
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Sen. Kirsten Gillibrand said the U.S. needs ethics rules barring the president and members of Congress from issuing digital assets.
Eleanor Terrett, host of CryptoAmerica, said on July 3 that Gillibrand renewed her call for tighter digital-asset ethics rules after President Donald Trump’s financial disclosure became public.
The disclosure showed Trump earned more than $600 million from the TRUMP memecoin in 2025.
Gillibrand said an ethics overhaul is needed to prevent the president, members of Congress and their spouses from issuing or endorsing digital assets.
JH Kim
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