US Senator Kirsten Gillibrand has proposed a restriction that would bar elected officials from issuing or sponsoring their own digital assets. The measure would apply to members of Congress, the US president, and their spouses. Based on the currently available details, the proposal is aimed at limiting potential conflicts of interest tied to public office and personal crypto ventures, particularly in the memecoin segment, where promotion and personal branding can play an outsized role. The reported language specifically targets officials “issuing or sponsoring their own digital assets,” highlighting a policy focus on ethics and boundaries between political influence and token-related activity.
Gillibrand moves to restrict token activity by elected officials
US Senator Kirsten Gillibrand has called for a restriction that would prevent elected officials from issuing or sponsoring memecoins and other personal digital assets. According to the reported language, the proposed rule would apply to members of Congress, the US president, and their spouses, and would bar them from “issuing or sponsoring their own digital assets.”
Based on the information currently available, the proposal is framed around conflict-of-interest concerns tied to public office and private crypto activity. In the memecoin market, where attention, branding, and online promotion often play a central role, a public official’s direct involvement in launching or backing a token can raise ethical and regulatory questions. Cointelegraph’s report indicates that the restriction is specifically aimed at preventing public officeholders from using their position or public visibility to support personal digital asset projects.
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