Senate Crypto Bill Bans Presidents From Issuing Assets
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- Senate Republicans released new crypto bill text containing a Trump-blessed ethics provision that would prohibit federal officials — including presidents — from issuing digital assets.
- Progressives are publicly criticizing Senator Gillibrand over the crypto legislation, while Coinbase stock rallied on the news.
Why it matters: A Trump-blessed industry-friendly bill now carries an ethics clause barring presidents and federal officials from personally issuing digital assets — a structural guardrail that has nonetheless split progressives, who are publicly targeting Senator Gillibrand rather than the bill's GOP authors.
