Senator Demands Trump Meme Coin Ban After $636 Million Windfall
Gillibrand pushes a Trump memecoin ban as her son's $300 million crypto venture draws its own ethics scrutiny. The post Senator Demands Trump Meme Coin Ban After $636 Million Windfall appeared first on BeInCrypto.
Senator Kirsten Gillibrand has renewed her call for a meme coin ban covering the president, members of Congress, and their spouses. The push responds to new filings showing Donald Trump earned $636 million from his TRUMP token in 2025. The New York Democrat wants Congress to make it illegal for elected officials and their spouses to issue or sponsor digital assets.
Her demand lands as her son’s crypto startup faces growing scrutiny in Washington. Trump’s Windfall Revives the Memecoin Ban Fight Trump’s 927-page disclosure, released Tuesday by the Office of Government Ethics, reported more than $1.4 billion in crypto income for 2025.
The largest single item was $636 million from CIC Digital LLC, linked to the Official Trump (TRUMP) meme coin license. The president has since defended his crypto fortune. Meanwhile, TRUMP trades near $1.
80, down more than 97% from its $73.43 peak set days after its January 2025 launch. TRUMP Price Performance.
Source: BeInCrypto First Lady Melania Trump also issued a meme coin and reported $6 million from NFTs and digital collectibles. Criticism of the president’s token activity has grown louder. Economist Peter Schiff this week called the tokens legal bribes, arguing that buyers pay for access to the president.
In the same tone, Gillibrand shared her renewed demand in an email shared with BeInCrypto. “This is a commonsense requirement that should get broad bipartisan support – public officials and their spouses should not be issuing memecoins… The time to act is now — and that must include ethics reforms that prohibit members of Congress, the president, and their spouses from cashing in on their office.”
Gillibrand cosponsors the End Crypto Corruption Act, introduced by Senator Jeff Merkley in May 2025. The proposal would bar presidents, lawmakers, senior officials, and their families from issuing or endorsing digital assets, including meme coins and stablecoins. Son’s $300 Million Venture Tests Her Ethics Message The senator faces ques
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