<ul data-eligibleForWebStory="true"><li>Senator Adam Schiff has proposed the COIN Act to ban public officials from issuing, endorsing, or sponsoring digital assets.</li><li>The COIN Act aims to restrict involvement with digital assets like meme coins, NFTs, and stablecoins for officials and their immediate family members.</li><li>The proposed ban would start 180 days before taking office and continue for two years after leaving public service to prevent conflicts of interest.</li><li>The COIN Act comes after the passage of the GENIUS Act, which regulates stablecoins and was delayed due to concerns over President Trump’s crypto activities.</li><li>Senator Schiff's bill reflects Democratic concerns about officials leveraging their influence for digital asset promotion or profit.</li><li>The COIN Act has significant implications for the crypto-political landscape, including campaign funding and financial innovation.</li><li>This legislation suggests Democrats want to separate financial influence from policymaking as the crypto sector grows.</li></ul>

Senator Adam Schiff Proposes COIN Act to Ban Crypto Endorsements by Public Officials

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