BDAG Mainnet Is Live but the Real BlockDAG Launch Just Slipped and Traders Are Asking Why

Trump’s Crypto Fortune at Crossroads: COIN Act Threatens to Reshape Political Power and Digital Wealth

The intersection of politics and cryptocurrency has rarely been as dramatic as it is today. With the introduction of the COIN Act by Senator Adam Schiff, America’s highest political officeholders could soon face strict new limits on their involvement with digital assets. At the center of this storm stands Donald Trump, whose crypto ventures have become the focus of growing scrutiny as the proposed legislation ignites national debate.

Source: X

COIN Act: A Direct Strike at Crypto Holdings in the White House

Senator Schiff unveiled the COIN Act (Crypto Ownership Integrity and Neutrality Act) in a fiery post on X, framing the bill as a much-needed step toward transparency and fairness. The proposed law would prohibit U.S. Presidents, Vice Presidents, and their immediate family members from endorsing, owning, or issuing cryptocurrency and related digital assets during their time in office.

The act also mandates full disclosure of any crypto transactions exceeding $1,000, with steep penalties — including up to five years imprisonment or heavy fines — for violations. Schiff positioned the bill as a safeguard against conflicts of interest that could compromise U.S. leadership.

“This is about restoring trust,” Schiff wrote on X. “No President should profit while the nation struggles.”

Trump’s Billion-Dollar Crypto Empire

Schiff’s bill comes amid mounting attention on Donald Trump’s extensive crypto portfolio. Trump, who once voiced skepticism about digital currencies, has evolved into a major player in the space. Reports suggest his holdings and ventures — from NFT projects to DeFi initiatives — have generated over $1 billion in personal wealth.

Trump’s ventures include:

• $TRUMP memecoin on the Solana blockchain

• World Liberty Financial (WLFI), a DeFi platform founded by his sons

• A series of NFT collections launched on Polygon

• Direct stakes in Ethereum (ETH), Ripple (XRP), USD Coin (USDC), and various memecoins

His running mate, Vice President JD Vance, also has substantial crypto exposure, including holdings in Bitcoin, Avalanche (AVAX), Dogecoin (DOGE), and Intelmarkets (INTL), collectively worth an estimated $250,000 or more.

A Bill Born of Market Turmoil

The COIN Act proposal coincides with turbulent market conditions. The Iran-Israel conflict, dubbed The 12-Day War, rattled financial markets globally, slashing over $300 billion from the total crypto market cap in less than a week. Only after Trump announced a “complete and total ceasefire” did markets begin their recovery, regaining a significant portion of the lost value.

Source: CoinMarketCap

Critics argue that a sitting President profiting from crypto ventures during such times raises ethical red flags. Schiff’s legislation aims to sever any perceived ties between political decision-making and personal gain.

Trump’s Dilemma: Empire or Oval Office?

For Trump, the COIN Act presents a stark choice: abandon his crypto empire or risk his political ambitions. If passed, the law would force Trump to either divest his crypto interests or forgo reelection. Both paths carry high stakes:

• Divesting assets could trigger mass sell-offs, causing sharp price declines in $TRUMP, WLFI, and associated tokens.

• Maintaining his holdings while stepping away from politics could be seen as prioritizing personal wealth over public service, tarnishing his legacy.

• Exiting the presidential race would shake U.S. politics and potentially send ripples through the global financial system.

So far, neither Trump nor Vance has issued a formal response to the COIN Act. But insiders suggest that discussions are ongoing behind closed doors as both weigh their next moves carefully.

Market Reactions: Volatility Ahead?

Crypto markets are no strangers to volatility, but the COIN Act has added an unexpected layer of uncertainty. Investors tied to Trump-affiliated tokens and DeFi platforms are bracing for potential turbulence.

Financial advisors caution investors to:

• Monitor official statements: Any word from Trump, Vance, or Senate leadership could trigger significant market moves.

• Avoid emotional trading: Political headlines often fuel hype and panic, but smart decisions come from sound research.

• Expect sharp price swings: With political uncertainty in play, tokens linked to Trump’s brand could see extreme price action.

The Bigger Picture: Ethics, Power, and the Future of Crypto

The COIN Act doesn’t just challenge Trump’s fortunes — it ignites a national debate on ethics in the digital age. Should those at the helm of government be barred from profiting off industries they influence? Or does such a law risk discouraging leaders from engaging with innovation?

Supporters say the COIN Act is long overdue. They argue that the stakes are too high to allow potential conflicts of interest to go unchecked. Opponents, however, warn that the law could set a dangerous precedent, discouraging capable candidates who have built legitimate businesses in emerging sectors like blockchain.

Either way, Schiff’s bill has turned the spotlight on crypto’s complex relationship with politics, exposing fault lines that could reshape the industry for years to come.

What Lies Ahead?

As the COIN Act advances through Congress, investors, political analysts, and crypto enthusiasts alike will be watching closely. If the legislation passes, it could force a historic reckoning — not just for Trump, but for how America defines leadership in the digital economy.

In the meantime, the crypto market braces for the next twist in this high-stakes drama. Will Trump choose to “Make America Great Again” from the White House? Or will he double down on building his crypto empire? The world waits for his next move.

Writer @Ellena

Elena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.

Related Posts