WASHINGTON, D.C. – U.S. Senator Elissa Slotkin (D-MI) joined Senator Jeff Merkley (D-OR) in introducing the End Crypto Corruption Act, a bill aimed at preventing elected officials and senior government officials from profiting off cryptocurrency assets, including meme coins and stablecoins.
The bill seeks to prohibit the President, Vice President, senior executive branch officials, members of Congress, and their immediate families from issuing, endorsing, or profiting from digital assets. This initiative responds to growing concerns over conflicts of interest involving President Trump and his administration’s ties to the cryptocurrency industry.
“President Trump’s new cryptocurrency is an unprecedented opportunity for corruption and bribery, while milking his own supporters of their hard-earned cash,” said Slotkin. “Congress needs to do its job and pass legislation to govern cryptocurrency. We need a framework that allows the industry to succeed in the U.S., protects consumers, and ends the abuse by politicians and bad actors.”
In addition to being led by Merkley, the End Crypto Corruption Act is also cosponsored by U.S. Senators Mazie K. Hirono (D-HI), Chris Van Hollen (D-MD), Kirsten Gillibrand (D-NY), Jack Reed (D-RI), Catherine Cortez Masto (D-NV), Bernie Sanders (I-VT), Andy Kim (D-NJ), Angela Alsobrooks (D-MD), Cory Booker (D-NJ), Edward J. Markey (D-MA), Tammy Duckworth (D-IL), Elizabeth Warren (D-MA) and Mark Kelly (D-AZ).
Full text of the End Crypto Corruption Act can be found here.
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