Senate Dems propose a ban on the president of investing or approving cryptian property

After sharply pulled support from what would be the first regulatory account of the Democrats announced on Tuesday to introduce a new account that would prevent federal officials and their families to issue digital property – an account directed at Donald trump and family.

“Currently, people who want to cultivate the influence with the president can personally enrich buying a cryptocurstity it owns or controls,” Sen said. Jeff Merkley (D-or), which introduced an account in the floor in the Senate In a statement for the public. “This is a deeply corrupt scheme. This threatens our national security and reducing public confidence in the government. Let’s end this corruption immediately.”

The end of the CRIPTO Corrupt Law on Corruption comes in response to concerns in the Democratic Party that Genius ACT, which previously had strong bipartic support, was inadequate to prevent corruption. Although the Banking Board of the Senate brought an account in March with a bipartizan voice, two subsequent movements supposedly pushed the Democrats to change the course. First, a New York Times report Last week, she discovered that Trump family would potentially earn $ 2 billion from Stablecoin transactions with the investment firm in Dubai as part of the current regulatory framework. Second, Trump announced a competition In April, where the upper supports of his mine would win a private dinner with the President, and the first 25 bearers would win an additional touring tour of the White House. According to the report from the sprocket, the issuers of Memna, official Trump, earned $ 320 million from trading fees from the competition itself.

Although they admitted that there are not many things to do to stop president immediately (see: no law), also Senate Republicans also They expressed skepticism over the $ Trump competition on NBCAnd at least one stop trump assembly, Sen. Lummisa, he offered a partner with democrats on efforts to regulate lawmakers to hold digital property. “Even what seems to be” Skrnic “in connection with Memen coins, is legal and what we have to do is, so we do not have this wild west scenario,” she said that NBC said.