Senator Gillibrand Seeks to Ban Trump, Elected Officials From Launching Meme Coins

Here is the latest from the digital-asset markets: Kirsten Gillibrand is renewing calls to ban politicians and their spouses from issuing or promoting crypto assets, including meme coins. President Donald Trump disclosed this week that he earned over $1.

2 billion from crypto last year, including over $635 million from his Solana meme coin. This push is part of a broader ethics campaign by Gillibrand, who has also worked to restrict congressional trading on prediction markets and stocks, citing concerns about self-dealing and insider trading.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.