Schiff Drops Bombshell Bill: Politicians Could Be Banned from Crypto Investments

BTCC / BTCC Square / CryptotimesIO /

Author:

CryptotimesIO

Release Time:

2025-06-24 08:29:46

Washington's latest power play targets digital asset portfolios—just as lawmakers' ETH wallets hit all-time highs.

The 'Public Service Over Profits' Act

Senator Schiff's proposal would force elected officials to choose between public office and crypto ventures. No more trading congressional insights for blockchain gains.

The Hypocrisy Hedge

Comes six months after 37% of Senate financial disclosures showed politician-held crypto—with Bitcoin and Ethereum dominating. Schiff's own past crypto skepticism adds spice to the drama.

Cynical Take

Because nothing says 'financial reform' like banning competition for insider trading advantages. The bill conveniently exempts traditional stock holdings—where the real money moves happen.

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