U.S. Senator Kirsten Gillibrand is demanding an enforceable ban on presidential crypto profits in market structure legislation. Her renewed push follows a new poll finding 63% of Americans consider Trump and his family’s crypto profits inappropriate.
Key Takeaways
Gillibrand supports crypto regulation but requires enforceable ethics rules.Reuters/Ipsos found 63% said Trump family crypto profits were inappropriate.Official filings detail extensive Trump-linked crypto income.“We can pass smart, clear rules for digital assets and shut down presidential self-dealing at the same time. There must be an enforceable ban, and any market structure bill that leaves enforcement solely in the hands of the president’s own Justice Department and allows him to profit from crypto isn’t a reform. It’s a permission slip.”
Poll and Disclosure Intensify ScrutinyThe same survey found that 69% believed Trump allows private business interests to influence his presidential decisions, including about half of Republicans. The White House dismissed impropriety allegations, saying independent financial institutions manage his investments. Trump says he has no day-to-day role in his family business.
Ethics Fight Moves Into Senate BillSenate Banking Committee minority staff also cited securities-law gaps they said could put pensions at risk, illicit-finance loopholes, potential taxpayer exposure, and weakened consumer protections. Several Democratic senators have said provisions covering ethics, consumer protection, illicit finance, conflicts of interest, and market integrity require strengthening.
Gillibrand stated:
“I will not vote to hand this president, or any president, a taxpayer-backed license to get rich off the office.”
