Senator Seeks Trump Crypto Ban as 63% Call His Profits Inappropriate

Gillibrand Makes Crypto Ethics a Condition for Her Vote

Congress should bar presidents, their spouses, and senior officials from issuing, sponsoring, or profiting from cryptocurrency while in office, U.S. Senator Kirsten Gillibrand (D-N.Y.) said on Aug. 23. Her demand for an enforceable prohibition made ethics language a condition for supporting digital asset market structure legislation.

The New York Democrat’s record supports regulated digital asset markets rather than opposing cryptocurrency itself. She has co-authored bipartisan crypto legislation and advocated federal rules combining responsible innovation, consumer protections, anti-money laundering requirements, and regulatory enforcement. Her earlier proposal covering elected officials and their spouses focused on issuing or sponsoring digital assets, including meme coins. Gillibrand stated:

“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 Scrutiny