US senator proposes ban on elected officials issuing memecoins

1 sourceFirst reported 18 days agoUpdated 18 days ago

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US Senator Kirsten Gillibrand has proposed a ban on elected officials issuing memecoins.
The proposed legislation would prohibit members of Congress, the US president, and their spouses from creating or endorsing their own digital assets.
Gillibrand's proposal aims to address concerns regarding potential conflicts of interest in the digital asset space.
The move reflects growing scrutiny of cryptocurrency regulations in the United States.
This initiative was announced on July 3, 2026.

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US senator calls for ban on elected officials issuing memecoinsCointelegraph · 18 days ago

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AI summary: catch up in 20 seconds

US Senator Kirsten Gillibrand has proposed a ban on elected officials issuing memecoins.
The proposed legislation would prohibit members of Congress, the US president, and their spouses from creating or endorsing their own digital assets.
Gillibrand's proposal aims to address concerns regarding potential conflicts of interest in the digital asset space.
The move reflects growing scrutiny of cryptocurrency regulations in the United States.
This initiative was announced on July 3, 2026.

Generated by AI from the 1 sources below · always verify with the originals