Shocking Move: U.S. Senator Unveils COIN Bill That Could Block the President from Touching Crypto!

Jakarta, Pintu News – Senator Adam Schiff recently proposed a bill that aims to limit crypto-related activities among top United States officials, including the President and Vice President.

This bill, known as the Curbing Officials’ Income and Nondisclosure (COIN) Act, came about in response to crypto activities conducted by President Donald Trump and his family.

What is the COIN Bill? Why is it Important?

The COIN bill, proposed by Senator Adam Schiff, is designed to prevent high-ranking government officials and their families from issuing, promoting, or profiting from crypto assets. This includes prohibitions against activities such as the launch of meme coins, stablecoins, and non-fungible tokens (NFTs).

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This bill comes as a reaction to the pro-crypto policies adopted by President Trump, which include the launch of the TRUMP meme coin and Liberty Financial’s DeFi World project.

Furthermore, the bill aims to ensure that there are no conflicts of interest that could compromise the integrity of the government. By limiting high-ranking officials’ access to crypto markets, the COIN Bill seeks to maintain transparency and fairness in government decision-making.

President Trump’s Crypto Activity

President Trump not only supports crypto-supportive policies, but is also directly involved in several projects. He has launched his own meme coin called TRUMP and a DeFi project called World Liberty Financial.

In addition, Trump Media & Technology Group managed to secure approximately $2.5 billion in funding to establish a Bitcoin (BTC) reserve. This involvement has raised concerns regarding potential conflicts of interest and its influence on the administration’s supposedly neutral and impartial policies.

The COIN Bill is expected to prevent similar situations in the future, ensuring that government officials cannot utilize their positions for personal gain within the crypto market.

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Implications of the COIN Bill for the Future of Crypto

If passed, the COIN Bill will have a significant impact on how US government officials interact with the crypto industry. It will create a new standard in government ethics and could become a model for other countries in regulating their officials’ involvement in the crypto market.

The bill also marks an important step in legislative efforts to integrate blockchain and crypto technologies into existing legal frameworks. In addition, the bill could affect public perception of the safety and stability of the crypto market.

By limiting the involvement of high-ranking officials, there may be increased trust in crypto markets as a more fair and transparent arena.

Overall, the COIN Act Bill is an important step in the effort to separate government activities from the influence of the still highly volatile and speculative crypto market.

By limiting the involvement of top officials in crypto, Senator Schiff hopes to restore public trust and ensure that government policies are made without conflicts of interest.

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Reference:

• Coingape. Senator Introduces Bill to Block U.S. President from Crypto. Accessed on June 25, 2025
• Coinpedia. Senator Adam Schiff Drops COIN Act to Ban Presidents from Crypto Profits. Accessed on June 25, 2025