Gillibrand pushes crypto ethics ban after Trump’s $1.4b memecoin disclosure

cryptonews07-04 04:59

President Donald Trump’s crypto income disclosure has intensified Senate ethics demands as lawmakers debate the CLARITY Act. Summary Gillibrand wants lawmakers and their spouses barred from ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGillibrand pushes crypto ethics ban after Trump’s $1.4b memecoin disclosure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-04 04:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/gillibrand-pushes-crypto-ethics-after-trump-memecoin/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Donald Trump’s crypto income disclosure has intensified Senate ethics demands as lawmakers debate the CLARITY Act.\n\n\nSummary\n\n\n\nGillibrand wants lawmakers and their spouses barred from ...</p>\n\n<a href=\"https://crypto.news/gillibrand-pushes-crypto-ethics-after-trump-memecoin/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DIME","symbol_name":"CoinShares Altcoins ETF","start_time":0,"source_url":"https://crypto.news/gillibrand-pushes-crypto-ethics-after-trump-memecoin/","article_id":"2648986096","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/gillibrand-pushes-crypto-ethics-after-trump-memecoin/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648986096","pubTimestamp":1783112391,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"President Donald Trump’s crypto income disclosure has intensified Senate ethics demands as lawmakers debate the CLARITY Act.Gillibrand wants lawmakers and their spouses barred from issuing or promoting crypto memecoins.Trump’s $1.4 billion crypto income disclosure has intensified the Senate ethics debate.In a recent statement, Sen. Kirsten Gillibrand reiterated her call for a ban on members of Congress and their spouses issuing or promoting crypto memecoins after President Trump disclosed about $1.4 billion in crypto-related income for 2025.Sen. Kirsten Gillibrand is renewing her push for ethics rules banning elected officials and their spouses from issuing or profiting from memecoins.She has repeatedly said there will be no crypto market…According to Gillibrand, current Senate talks include stablecoin yields, safeguards against illegal finance, and an ethics clause that would stop government officials from creating or promoting cryptocurrencies.Trump has denied wrongdoing over the pro","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"DIME":"CoinShares Altcoins ETF","STCE":"Schwab Crypto Thematic ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","BKCH":"AdvisorShares Sabretooth ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","BITW":"Bitwise 10 Crypto Index ETF","DAPP":"VanEck Digital Transformation ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF"},"translate_title":"特朗普披露$1.4 B Memecoin后，吉利布兰德推动加密货币道德禁令","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKCH":1.5,"TEKX":1.5,"BITQ":1.5,"CRPT":1.5,"STCE":1.5,"BITW":1.5,"DAPP":1.5,"GDLC":1.5,"LFGY":1.5,"DIME":1.5,"NCIQ":1.5},"content_text":"President Donald Trump’s crypto income disclosure has intensified Senate ethics demands as lawmakers debate the CLARITY Act.\n\n\nSummary\n\n\n\nGillibrand wants lawmakers and their spouses barred from issuing or promoting crypto memecoins.\nTrump’s $1.4 billion crypto income disclosure has intensified the Senate ethics debate.\nEthics provisions remain a key sticking point in ongoing CLARITY Act negotiations.\n\n\n\nIn a recent statement, Sen. Kirsten Gillibrand reiterated her call for a ban on members of Congress and their spouses issuing or promoting crypto memecoins after President Trump disclosed about $1.4 billion in crypto-related income for 2025.\n\n🚨CLARITY ACT FACES DELAY RISK AS SEN. GILLIBRAND DEMANDS MEMECOIN BAN!Sen. Kirsten Gillibrand is renewing her push for ethics rules banning elected officials and their spouses from issuing or profiting from memecoins.She has repeatedly said there will be no crypto market… pic.twitter.com/32g9DmzYJq— Crypto Banter (@crypto_banter) July 3, 2026\n\nGillibrand had previously said at the Solana Accelerate conference in Miami that stronger ethics rules should be included before lawmakers move ahead with major crypto legislation. She had argued that public officials should not face conflicts of interest while voting on rules affecting the same industry tied to their private finances.\nEthics clause becomes a key CLARITY Act demand\nGillibrand said she remains hopeful that the CLARITY Act can move through the Senate Banking Committee in the next two weeks, but she added that Democrats want unresolved issues addressed before offering more support.\nAccording to Gillibrand, current Senate talks include stablecoin yields, safeguards against illegal finance, and an ethics clause that would stop government officials from creating or promoting cryptocurrencies.\nThe ethics debate has gained more attention because of Trump’s financial disclosure. Gillibrand said conflict-of-interest rules have become more important after the filing showed large crypto-related income tied to the president.\nDemocratic senators have argued that crypto market structure legislation should not move without enforceable limits on elected officials and their families profiting from assets they may influence through policy.\nTrump memecoin profits fuel conflict concerns\nTrump launched the TRUMP memecoin shortly before his second presidential inauguration, and the token quickly became one of the most watched political crypto launches.\nAccording to the financial disclosure referenced in the report, Trump recorded about $1.4 billion in crypto-related income. The project reportedly generated hundreds of millions of dollars for entities linked to the Trump family, even as many retail buyers suffered losses after the memecoin dropped sharply from its peak.\nTrump has denied wrongdoing over the profits. In comments to reporters, he said the gains were not illegal and argued that outside investment groups manage his holdings.\nHe also linked his income to the stronger stock market, saying many investors benefited from rising asset prices. Still, lawmakers critical of his crypto ties have said the issue strengthens the case for ethics restrictions in the CLARITY Act.\nThe dispute has added another political obstacle to the bill, which is designed to create clearer rules for digital assets in the United States. While Gillibrand has supported progress on crypto legislation, her latest remarks show that Democrats want ethics language included before the Senate advances the measure.\n\n\n\n\n\n                Read more:\n            \n\n                Standard Chartered wins MiCA passport as EU approves 57 firms","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.0","shortVersion":"4.45.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648986096","isCrawlerRequest":true}