COIN Act: Democrats’ New Bill To Ban US Presidents From Engaging in Crypto

ccn.comPublicado a 2025-06-24Actualizado a 2025-06-24

Key Takeaways

Democrat Adam Schiff has introduced the COIN Act, a bill that would ban sitting presidents from promoting or launching crypto projects.
The bill would apply to the president, vice president, and their immediate families, barring them from issuing or endorsing tokens.
It follows mounting criticism over Donald Trump’s growing crypto empire and personal involvement in token projects.

As Donald Trump ramps up his involvement in the crypto space during his second term, Democratic lawmakers are pushing back.

On Monday, Senator Adam Schiff introduced the COIN Act (Curbing Officials’ Income and Nondisclosure) —a bill that would bar the president, vice president, and their immediate family members from launching, promoting, or profiting from crypto ventures while in office.

Top Picks for Ethereum

New Bill Targets Trump’s Crypto Dealings

The proposed legislation would prohibit any form of cryptocurrency promotion, including non-fungible tokens (NFTs), memecoins, and stablecoins.

The COIN Act also requires disclosure of crypto transactions over $1,000. Violations could result in fines and up to five years in prison.

While not mentioning Trump by name, the bill clearly responds to his growing presence in the crypto industry, which many Democrats say raises serious ethical and legal concerns.

Trump has directly promoted crypto projects tied to his family and hosted events for major holders of his own memecoin, raising questions about conflicts of interest while in public office.

Trump’s Expanding Crypto Footprint

Once known primarily for his real estate empire, Donald Trump has become increasingly active in crypto, and critics say he’s turning the presidency into a marketing platform.

Here’s a look at the crypto ventures tied to Trump and his family:

World Liberty Financial

A DeFi platform backed by Trump family members, including Donald Trump Jr. and Eric Trump.

The company raised $550 million through token sales and has since launched a stablecoin, now among the top 10 by market cap.

Trump Media and Technology Group

The parent company of Truth Social made headlines in May 2025 after announcing a $2.5 billion Bitcoin reserve strategy, marking its official entry into crypto.

American Bitcoin

A new mining venture with Eric Trump as chief strategy officer. The company is preparing for a public listing through a SPAC merger, with Eric and Don Jr. holding minority stakes.

Trump Memecoin

A memecoin bearing Trump’s name and marketed to his base. At its peak, it boosted Trump’s net worth by $50 billion—but has since plunged more than 80%.

Trump NFTs

Trump’s first major entry into the crypto industry came via NFTs. Launched in 2022, his “Trump Digital Trading Cards” series sold out in hours and sparked a wave of political collectibles.

The project has since expanded into multiple seasons, with some NFTs granting real-world perks like dinners or meet-and-greets with the president.

Top Picks for Ethereum

Was this Article helpful? Yes No

Lecturas Relacionadas

Unexpected Weak Non-Farm Payrolls Data Pushes BTC to Rebound 11%, FOMC Minutes to Test the Narrative of This Rally

Bitcoin has rebounded 11% from its 21-month low, but the sustainability of this rally hinges entirely on the Federal Reserve's release of the June FOMC meeting minutes. The bounce was triggered by a weaker-than-expected US jobs report, which showed only 57,000 jobs added in June—about half of economists' forecasts. This data prompted traders to scale back bets on further Fed rate hikes, fueling a rally in Bitcoin alongside gold and stocks. The upcoming minutes are critical. They will reveal whether Fed officials, in their mid-June meeting, were already expressing concerns about a weakening labor market, tight credit conditions, or the risks of overtightening—factors that would support the market's recent dovish shift. Conversely, if the discussion focused on persistent inflation and the conditions for more rate hikes, the rally's foundational narrative would crumble. Market indicators show the rebound's fragility. While US spot Bitcoin ETFs saw a significant single-day inflow, it followed a prolonged period of outflows. On-chain data indicates a substantial increase in Bitcoin being moved to exchanges, creating potential sell pressure. Options market positioning suggests key price levels around $60,000 and $62,000 that could either stabilize or accelerate price movement. In essence, Bitcoin's 11% gain is built on speculation about the Fed's private deliberations three weeks ago. The FOMC minutes will replace that speculation with concrete details, and the discrepancy between market expectations and the actual record will determine whether Bitcoin holds above $64,000 or falls back toward $58,000.

marsbitHace 5 min(s)

Unexpected Weak Non-Farm Payrolls Data Pushes BTC to Rebound 11%, FOMC Minutes to Test the Narrative of This Rally

marsbitHace 5 min(s)

Just Now, The World's First Ultra-High-Frame World Model Was Born, Nvidia Content 0, Racing to 50 FPS

Just Now, Global First Ultra-High-Frame World Model Born, 0% NVIDIA, Speeds to 50 FPS A Chinese team has developed MoWorld, the world's first Flash World Model, achieving real-time interactive inference exceeding 50 FPS. Crucially, it is entirely built on domestic NPUs (National Processing Units), bypassing NVIDIA GPUs. Developed by Moxin Technology in collaboration with Zhejiang University's Pan Yunhe academician team, MoWorld represents a complete, closed-loop system from training and distillation to deployment on domestic computing power. The model tackles the critical industry bottleneck of real-time performance, essential for applications like robotics, gaming, and digital worlds. MoWorld achieves this through a full-stack redesign for NPUs, including a proprietary 3D-annotated data pipeline, system-level optimizations for long-sequence training (up to 2000 frames), and inference optimizations like dynamic mixed-precision quantization. On a Huawei Ascend 910C platform, a 14B MoE parameter model achieves over 50 FPS, reducing typical inference costs by 70% compared to equivalent GPU solutions. This breakthrough lowers the deployment barrier, potentially accelerating the industrialization of world models. Key application areas include gaming/entertainment (offering 6-DoF camera control for immersive exploration), embodied AI/autonomous driving (providing a high-fidelity digital training ground), film pre-visualization, and 3D reconstruction/digital twins due to its strong geometric consistency. MoWorld demonstrates that a full-stack domestic compute ecosystem can support cutting-edge, real-time world models, positioning China at a competitive starting line in defining next-generation spatial intelligence standards. The project underscores a shift in competition from model scale to real-world usability and cost-effective deployment.

marsbitHace 42 min(s)

Just Now, The World's First Ultra-High-Frame World Model Was Born, Nvidia Content 0, Racing to 50 FPS

marsbitHace 42 min(s)

Pacific 'Fever': How Extreme Weather Becomes Wall Street's Cash Machine?

"Pacific Fever": How Extreme Weather Becomes Wall Street's ATM? The summer of 2026 sees unusually fierce weather across China and globally. The common driver behind this global pattern is a powerful El Niño event, potentially the strongest since 1950, as declared by NOAA. This phenomenon, characterized by warming central/eastern Pacific waters, disrupts global atmospheric circulation, raising risks of floods, droughts, and heatwaves, further intensified by climate change. For financial markets, especially commodities, El Niño is not just weather but a major trading theme. History shows its price impact is profound. In the 1970s, El Niño-driven anchovy collapse in Peru fueled a soybean boom, giving Richard Dennis his first million. Anthony Ward's cocoa empire was built on superior weather intelligence. Most recently in 2024, West African droughts caused cocoa prices to soar over 400%, delivering huge gains for trend-following hedge funds. In 2026, markets are again pricing in future El Niño-induced supply shocks. Despite high current inventories, prices for palm oil, rubber, and sugar have rallied on anticipation of upcoming Southeast Asian droughts and weak Indian monsoons. Analysts identify key indicators to watch: the Niño3.4 index, Indian monsoon rainfall, Malaysian palm oil stocks, and the fundraising scale of specialized weather funds like Moreton Capital. Beyond trading opportunities, a concerning narrative is gaining traction online, linking El Niño with fertilizer shortages and energy supply disruptions to warn of potential global food crises within months. While alarmist, it highlights a deeper truth: the cascading effects of climate-driven weather extremes ultimately translate into higher costs of living for everyone, far beyond the trading floor.

marsbitHace 47 min(s)

Pacific 'Fever': How Extreme Weather Becomes Wall Street's Cash Machine?

marsbitHace 47 min(s)

Pacific 'Fever': How Extreme Weather Becomes Wall Street's ATM?

"Pacific 'Fever': How Extreme Weather Becomes Wall Street's Piggy Bank" The article examines how the 2026-2027 El Niño, potentially the strongest since 1950, is not only disrupting global weather but also creating major financial opportunities. It links recent extreme events in China and worldwide to this climate phenomenon, which alters atmospheric patterns, increasing risks of floods, droughts, and heatwaves. The core narrative explores how financial markets capitalize on these disruptions. A hedge fund is raising $500 million specifically to bet on El Niño-affected crops like South African corn and Malaysian palm oil. Historically, such strategies have yielded massive profits. Examples include Richard Dennis ("Turtle Trader") making his first fortune in the 1970s soy boom triggered by El Niño's impact on Peruvian anchovies (a key fishmeal source), and Anthony Ward's cocoa empire built on superior weather intelligence. The 2024 cocoa price surge, driven by West African drought, enriched quantitative trend-following funds. Currently, markets are preemptively bidding up palm oil, rubber, and sugar futures based on anticipated future supply shocks, despite high current inventories. The article details El Niño's asymmetric global impacts: causing drought in Southeast Asia (hurting palm oil/rubber) and India (affecting sugar/cotton), but bringing beneficial rains to South American soy and sugarcane. Key metrics to watch include the Niño3.4 index, Indian monsoon data, and Malaysian palm oil stocks. The true price effects often materialize *after* the El Niño peaks, suggesting 2027 may see the real volatility. The conclusion warns that beyond trading gains, the convergence of El Niño, energy shortages, and fertilizer scarcity poses a systemic risk, potentially raising the cost of living for everyone, turning a climate event into a global economic story.

链捕手Hace 56 min(s)

Pacific 'Fever': How Extreme Weather Becomes Wall Street's ATM?

链捕手Hace 56 min(s)

Just Now, OpenAI's Chief Futurist Departed, Once Called a Jackass by Musk

Just now, OpenAI's Chief Futurist, Joshua Achiam, announced his departure from the company via X. Having joined as a 25-year-old intern in 2017, he spent nine years at OpenAI, evolving from an AI safety research scientist to leading the Mission Alignment team. Earlier this year, that team was dissolved, and Achiam transitioned to the newly created role of Chief Futurist, positioned at the intersection of AI safety and policy to study AGI's long-term risks and opportunities. In his departure statement, Achiam called his time a "graduation," reflecting on the immense progress from AI that couldn't converse to systems solving scientific problems. He expressed optimism about a future of peace, prosperity, and possibility, closing with "To safe AGI." His tenure was notably marked by a 2018 incident where he publicly challenged Elon Musk—then still with OpenAI—on safety compromises if Musk pursued AGI at Tesla, leading Musk to call him a "jackass." This became an internal legend, with colleagues later giving him a trophy inscribed, "To safety, never stop being that jackass." Achiam's exit follows a pattern of prominent safety and alignment experts leaving OpenAI, including Jan Leike and others who joined rivals like Anthropic or started non-profits. His departure coincides with OpenAI's internal efforts to more tightly integrate its research and policy teams, and the recent hiring of former White House AI advisor Dean Ball. Achiam did not cite a specific reason for leaving but indicated it was a long-considered decision, stating the mission to ensure AGI benefits humanity can now be advanced beyond the "frontier lab's" walls.

marsbitHace 57 min(s)

Just Now, OpenAI's Chief Futurist Departed, Once Called a Jackass by Musk

marsbitHace 57 min(s)

Trading

Spot