Senator Pushes to Ban Trump MemeCoin After Stunning $636 Million Windfall - Crypto Economy

US Senator Kirsten Gillibrand is once again demanding a ban on the issuance and sponsorship of memecoins and digital assets by the president, lawmakers, and their spouses. This regulatory offensive arises after reports from the Office of Government Ethics revealed that President Donald Trump received more than $636 million in 2025 through licenses linked to the TRUMP token.

Gillibrand’s proposal, framed within the “End Crypto Corruption Act” bill, seeks to mitigate growing conflicts of interest and criticism from the financial sector, where analysts point to these assets as potential tools for political influence. The debate becomes more complex due to scrutiny surrounding the senator’s own environment, given that her son’s financial derivatives startup recently reached a valuation of $300 million in Washington.

The US Congress now faces pressure to define whether these strict ethical clauses will be included within crypto market structure negotiations. The development of this legal initiative will determine the limits of public officials’ commercial participation in the cryptocurrency ecosystem.

Source: https://goo.su/dVeO3a

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