New Crypto Draft in the USA: Democratic Senator took action against Trump's crypto relations
Democratic Senator Adam Schiff presented CoIN ACT bill, which prohibits public officials from supporting crypto projects. Trump's winning millions through World Liberty Financial was cited as the main reason for the ban.
What does CoIN ACT aim?
On June 24, 2025, Senator Adam Schiff submitted a law proposal to CoIN (Curbing Officials in Income and Nondisclosure), which aims to limit the relations of public officials to crypto projects.
According to the bill:
The president, vice presidents and families;
Breast Coin, NFT, Stablecoin, including any crypto presence will not be able to introduce, support or export.
The prohibition will include 180 days before and 2 years after his term of office.
🔥 Trump and World Liberty Financial Crisis
The reason for the bill is directly based on Trump’s crypto activities initiated in 2024:
Trump -backed World Liberty Financial launched the USD1 Stablecoin in March 2025.
Then WLFI made AirDrop for token owners.
According to Coingecko data, the market value of USD1 is $ 2.2 billion.
Trump won $ 57.35 million from this project in 2024, with his latest financial statement.
“The fact that a president earns money through crypto projects for his personal interest is a big problem in terms of constitutional and ethical.”
- Senator Adam Schiff
🧩 Political tension deepens
CoIN ACT arrived just a week after Genius Act, which recently passed with Bipartisan support. Although Schiff voted “yes” to Genius Act, more comprehensive measures should be taken to “lift” the influence of Trump.
Similarly, the democratic representative Ritchie Torres presented a similar bill of law last month.
⚠️ What is the chance of the law?
The fact that the democrats are in the minority in the Senate and House of Representatives makes it difficult for such law proposals to pass. However, Schiff and its supporters aim to keep this process on the agenda of the public in order to control the crypto gains after the presidential after 2024.
CoIN Act is not just a political move against Trump; It also stands out as an ethical regulation that tries to draw clearer limits between the state and the crypto. While the crypto currency field is growing, the translation of political figures into personal profits can lead to long -term confidence problems.
