The president's crypto ventures represent a glaring conflict of interest and abuse of power that undermine public trust in government institutions. We cannot allow those in the highest offices to leverage their positions for personal financial gain through profoundly corrupt schemes like meme coins and stablecoins promotion.
The End Crypto Corruption Act is a principled stand against this encroaching empire of nepotism and self-enrichment at the expense of national security and democratic integrity. The staggering $2.9 billion now comprising nearly 40% of the president's net worth from crypto holdings alone exemplify how digital currencies have become tools for cultivating undue influence and facilitating potential quid pro quo corruption. Individuals wishing to manipulate policy can simply purchase the president's endorsed assets, directly funneling wealth into his pockets. This dynamic erodes principles of ethical governance and creates vulnerabilities ripe for exploitation by adversarial foreign actors.
Moreover, the administration's crypto dealings have already raised alarms over clashing domestic and global interests, as evidenced by the recent scrutinized billion-dollar transaction involving an overseas crypto firm. Such entanglements jeopardize America's strategic and national security priorities for the prospect of further self- enrichment through these unregulated digital assets.
We urge all lawmakers to join this bipartisan effort to ban the president, vice president, cabinet members, Congress, and their families from the cryptocurrency arena. No public servant should be permitted to wield the influence of their office for personal cryptocurrency profit.
Swift action on the End Crypto Corruption Act can help restore faith in government by clearly demarcating lines between public service and private gain. The American people deserve leadership guided by the national interest, not crypto self-dealing.
First sent on May 8 by Coleman
