Democratic senators proposed to prohibit the president from investing in or supporting encryption assets.

[Democratic Senator Proposes Ban on Presidential Investment or Support for Encryption Assets] After abruptly withdrawing support for the Senate's first stablecoin regulation bill, Senate Democrats announced on Tuesday that they will introduce a new bill prohibiting federal officials and their family members from issuing digital assets, directly targeting the stablecoins and memes currently held by Trump and his family. The bill's sponsor, Oregon Democratic Senator Sen. Jeff Merkley, stated, "Currently, anyone wishing to establish a relationship with the president can profit personally from purchasing the encryption currencies that he owns or controls. This is an extremely corrupt act that threatens our national security and erodes public trust in the government. We must put an end to this corruption immediately."