The bill banned US officials Sproiking Cripto, which were introduced from American democratic senators
- The group of 20 democratic senators introduced 7. May, if adopted, saw high government officials, including the president and vice president, prohibited to initiate or promote cryptocurrency projects.
- The draft law will also refer to certain officials of the Government, including special government officials (SGES) such as Elon Musk – with violations that attract civil and criminal penalties.
- The bill follows similar legislation in February in February and comes in response to increasing concerns around coins like $ Trump and $ Melania and VLFI Def Project.
A group of 20 US Democrats Senators have introduced The proposal of the law seeks to prohibit high government officials and their families to initiate and promote their own crypturarzers.
CRPRUPTURUPIJU CRUPTUD LAW IN THE IMPORT OF 2025. Inputed Senate 7. May as part of the Democrat’s efforts to fight what they see as a growing question Abdomen Administrative insiders PROPERTING FROM CRIPT.
In ITS Current Form The President, Vice President, Individuals in Senate-Confirmed Positions and “Certain Other Special Government Employees In The Executive Office, Plus Their Spouses and Dependent Children From Issuing, Sponsoring, Or Endorsing Any Cryptocurrencies or Other Digital Assets. ”
In particular, the law would be applied to Elone musk In his special role of employees in the state (SGE) in the so-called Government efficiency department (Doge). Regular purchase and sale of cryptocurries would still be allowed:
The term “prohibited financial transaction” does not include a mere purchase, sales, posture or other behavior related to financial instruments or resources routinely available to any member of the public.
End CRIPTO CORRUPT ACT 2025
The ban would apply for a year after the conditions of government officials, concluding and violations would be covered by the possibility of significant civil and criminal channels.
Bill first of all aims at the Trump Family crypto
This last proposal for the prohibition of senior government officials from creation and promotion of projects is similar to legislation introduced to the house in February.
Although these proposals would cover many government officials, they are mostly an answer to the crypto donation of Donald Trump and his immediate families. Starting $ Trump and Memecoini $ Imecoins Načeko Donald Trumps Inauguration, especially, raised concerns about crypt’s projects that enable potential foreign influence, corruption and bribery.
In the statement PoliticoThe Democratic Senator Jon Ossof said “Singing President Sales Personal Cryptocurstity While in operation, providing people who buy it, and thus enrich their business and his family.
“I would like to hear that one republican senator is defended. Any self-esteem of Congress would require an accounting of all that has to do with this coin, which has any business before the government,” Ossof added.
Even standing pro-cripto and pro-trumpen senator synthia lummis said The recent announcement that the top owners of Memecoin from $ Trump will be invited to dine private with Donald Trump and gave a Pause Pauses to her.
It is not clear how Bill would affect the role of Donald Trump as “Chief of CRIPTO lawyers” at the World Free Financial (VLFI) – Defici’s project partially owned and managing Trump’s sons.
WLFI recently raised concerns of corruption after facilitated An investment of 2 billion US dollars Abu Dhabi supported in the Bitnitza Cripto Exchange using VLFI’s own SteadyCoin VLD1. This transaction submitted a group of democrats to write to the SCOTT Besent and lawyer’s Treasury Secretary and the Lawyer Pam Bondi demanding answers about the relationships of Trump Administration into stage.
Related: Cripto Chaos on Capitol Hill: Partisan Split deepens across Trump digital skills
Last week is a group of Democrats led by Makine Waters go out From the court round table at the crypto regulations for care about concerns that Republicans did not take conflicts of interest Donald Trumps related to crypto seriously.
Also, Stablecoin Legislation, known as Genius ACT, failed to pass the Senate last week. Several democratic senators who previously supported the bill removed their support after the Republicans tried to follow the passage quickly, assert It takes more work to add adequate protective measures for money laundering and deals with national security risks.
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2025-05-12 07:54:00
