Democratic Senators Attempt To Block President Trump’s Crypto Ventures, Citing ‘Grift’ and National Security Risks
Senate Democrats are driving for new law aimed at preventing cryptocurrency -related corruption among the leading US officials.
US Democratic Senators led by Jeff Merkley (D-NE.) And the leader of Democratic Senate Chuck Schumer (D-NY) introduced the Finish the Crypto Corruption Act of 2025 To avoid the President, Vice President, Senior Executive Branch officials, members of Congress, individuals appointed by the Senate and their immediate family from making money from release, endorsement and sponsoring crypto assets, including memecoins and stablecoins.
“Any covered individual who deliberately violates section 13152 (a) will be subject to a The civil financial penalty equal to no more than 10% of the amount of financial interest is the subject of forbidden behavior, or the amount of financial gain, if any, that the subject of the individual benefits from linking the forbidden behavior, whichever is greater. “
The move came amid concerns that a conflict of interest came from President Donald Trump's adventures.
Merkley, who sponsored the bill, said that people who wanted to influence the president could enrich him by buying a crypto he owned or controlled. Lawmakers said setup was a corrupt method that threatened national security and eliminated public confidence in the government.
Schumer Says They take action to avoid the risk of putting consumers and national security.
“Donald Trump's attempts at Grift and Corruption are well -known and well -documented. And now, individuals can cuurry in favor of this White House and make money for Trump by buying his digital ownership …
Our democracy should not be sold. “
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