<ul data-eligibleForWebStory="true"><li>Legislators are concerned about Trump's ties to the cryptocurrency industry and the potential conflict of interest, especially as bipartisan support for industry regulations grows.</li><li>Senator Adam Schiff introduced the COIN Act to address officials' income and disclosure concerns in the crypto sector and prohibit the president's family from endorsing digital assets.</li><li>President Trump avoided directly answering questions about selling his family's crypto ventures for advancing crypto legislation and emphasized the importance of the US not falling behind China in crypto development.</li><li>The COIN Act aims to prevent officials from enriching themselves through digital assets; it has garnered support from various advocacy organizations as a step towards creating ethical standards in the digital asset market.</li></ul>

Trump Faces Scrutiny as COIN Act Targets Crypto Conflicts

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