Gillibrand Revives Meme Coin Ban After $600M Trump Haul
- Gillibrand renewed calls for stricter ethics rules covering digital asset issuance.
- Trump disclosed more than $600 million linked to the TRUMP memecoin.
- The End Crypto Corruption Act would restrict crypto activity by public officials.
The Meme Coin Ban debate has returned to the spotlight after Senator Kirsten Gillibrand renewed her push for stricter ethics rules governing digital assets. Her comments followed the release of President Donald Trump’s latest financial disclosure, which reported hundreds of millions of dollars in income tied to the TRUMP memecoin during 2025.
Meme Coin Ban Proposal Targets Public Officials
Gillibrand said the Meme Coin Ban should apply to the president, members of Congress, and their spouses. She argued that elected officials should not issue or sponsor digital assets while serving in public office.
According to financial disclosures released by the Office of Government Ethics, Trump reported more than $600 million in income linked to the TRUMP token through CIC Digital LLC. The filing also listed broader crypto-related earnings exceeding $1.4 billion during 2025.
Gillibrand’s renewed proposal comes as lawmakers continue debating how digital assets should be regulated within government ethics rules.
Meme Coin Ban Debate Expands Beyond Trump
The Meme Coin Ban discussion also arrives amid increased scrutiny surrounding Gillibrand after reports about fundraising connected to her son’s planned perpetual futures platform. Reports indicate the venture will not involve blockchain or cryptocurrency technology, although Ripple co-founder Chris Larsen is among its backers.
Gillibrand is a co-sponsor of the End Crypto Corruption Act, introduced by Senator Jeff Merkley in 2025. The bill seeks to prohibit presidents, lawmakers, senior officials, and their immediate families from issuing or endorsing digital assets, including meme coins and stablecoins.
Meanwhile, the TRUMP token has declined sharply from its all-time high reached shortly after launch, while critics continue debating whether public officials should profit from digital assets during their time in office.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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