U.S. lawmakers submit multiple amendments to the Cryptocurrency Market Structure Act, including a ban on the President and other officials trading digital assets

PANews January 24 News, according to The Block, before the Senate Agriculture Committee holds a hearing, debates, and votes on the Cryptocurrency Market Structure Act next week, Democratic lawmakers have submitted several amendments. One of the amendments aims to add the “Digital Asset Ethics Act” to the bill. This amendment would prohibit “regulated persons” such as the President, Vice President, and members of Congress from engaging in certain financial transactions involving digital assets. Bloomberg previously estimated that Trump has profited approximately $1.4 billion from his cryptocurrency investments, including investments in DeFi and stablecoin projects like World Liberty Financial. The Trump family also holds a 20% stake in mining company American Bitcoin. Other amendments include measures to prevent false transactions at “Digital Asset Self-Service Terminals” and to delay the implementation of future cryptocurrency legislation until at least four Commodity Futures Trading Commission (CFTC) commissioners are appointed. Currently, the CFTC has only one commissioner, and the maximum number of commissioners is five, making this issue a point of contention among some legislators.