Senator Adam Schiff Drops COIN Act to Ban Presidents from Crypto Profits

Story Highlights* Senator Schiff’s COIN Act aims to stop presidents from earning crypto profits in office.

• Trump’s $57M crypto earnings trigger backlash, prompting legal action to block political gains.
• The COIN Act proposes bans on promoting meme coins, NFTs, and all digital assets.
• Meanwhile, the violators face steep penalties and profits seized and up to five years in federal prison.