US senator calls for ban on elected officials issuing memecoins
Cointelegraph 2026-07-03 19:26:21
Context: US Senator Kirsten Gillibrand has proposed a ban on elected officials issuing or sponsoring their own digital assets, specifically targeting memecoins. This move aims to restrict members of Congress, the US president, and their spouses from engaging in such activities. The proposal is intended to regulate the involvement of high-ranking government officials in the digital asset space.
Key Facts
- Senator Kirsten Gillibrand's proposed restriction would bar members of Congress, the US president, and their spouses from issuing or sponsoring their own digital assets, specifically memecoins.
- The proposed ban targets the issuance or sponsorship of digital assets by high-ranking government officials, including members of Congress and the US president.
- The restriction, if implemented, would apply to the spouses of members of Congress, the US president, and other covered officials, in addition to the officials themselves.