New York State Assemblyman Submits Bill to Prevent Federal Employees from Profiting from Meme Coins and Stablecoins

JH Kim

Summary

New York State Assemblyman Ritchie Torres has submitted a bill to prevent federal employees and their immediate families from profiting from meme coins and stablecoins.
The bill is seen as an attempt to strengthen regulations on virtual asset transactions by federal employees.
This bill is evaluated as an additional measure to maintain fairness in the virtual asset market.

Crypto in America host Eleanor Terrett reported on the 7th (local time) via X (formerly Twitter) that New York State Democratic Assemblyman Ritchie Torres has submitted a bill to prevent federal employees and their immediate families from profiting from meme coins and stablecoins.