Gillibrand Seeks Crypto Ban for Presidential Profits Amid Public Outrage
US Senator Kirsten Gillibrand is calling for an enforceable ban on presidential crypto profits in market structure legislation. According to a recent poll, 63% of Americans consider Trump and his family's crypto profits inappropriate.
Gillibrand has been a long-time supporter of regulated digital asset markets, but she now wants to ensure that elected officials and their spouses are held to the same standards as everyone else when it comes to cryptocurrency. The senator believes that promotion by officeholders can create financial conflicts and argues that presidents should not be allowed to profit from cryptocurrency while in office.
Trump reported over $1.4 billion in crypto-related income for 2025, with the majority coming from World Liberty Financial and the Trump meme coin. Gillibrand stated, 'We can pass smart, clear rules for digital assets and shut down presidential self-dealing at the same time.'