Senator Gillibrand Proposes Legislation to Ban Elected Officials from Issuing Memecoins
In a move to regulate the cryptocurrency landscape, Senator Kirsten Gillibrand has proposed a ban on elected officials, including members of Congress and the president, from creating digital assets.
Editorial Staff
1 min read
Updated about 2 hours ago
Senator Kirsten Gillibrand introduced a proposal on July 3, 2026, aimed at preventing elected officials from issuing their own memecoins.
The proposed legislation would apply to members of Congress, the US president, and their spouses, reflecting growing concerns about the influence of digital assets in politics.
This initiative seeks to establish clearer boundaries regarding the involvement of politicians in the cryptocurrency market, amid rising scrutiny over memecoins.