A renewed ethics fight over President Donald Trump’s cryptocurrency earnings has sharpened as U.S. Senator Kirsten Gillibrand pushes to ban elected officials from profiting from digital assets they create or promote while in office.
Key Takeaways:
U.S. Senator Gillibrand is urging Congress to prohibit elected officials and spouses from issuing or sponsoring digital assets.The proposal gained momentum after disclosures showed Donald Trump earned $636 million from a memecoin during 2025.Congress has yet to adopt the ethics measure, leaving the role of public officials in crypto under debate.“The time to act is now — and that must include ethics reforms that prohibit members of Congress, the president, and their spouses from cashing in on their office.”
