Gillibrand Calls for Ban on Digital Asset Issuance by US President, Lawmakers
JH Kim
Summary
- Kirsten Gillibrand said ethical rules are needed to ban the issuance of digital assets by the US president and members of Congress.
- She renewed her call for tighter ethics rules on digital assets after President Donald 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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Senator Kirsten Gillibrand, a New York Democrat, said ethical rules are needed to bar the US 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 was made 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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