Overview

• The Senate approved the GENIUS Act to establish federal guidelines for issuing and trading stablecoins.
• Senator Adam Schiff introduced the COIN Act to bar the president, vice president and other senior officials from issuing, sponsoring or endorsing digital assets.
• The COIN Act extends restrictions to immediate family members and carries civil fines equal to illicit profits plus up to five years in prison for violations.
• The White House maintains that President Trump’s crypto interests are parked in an independent trust, even as disclosures show he earned roughly $57 million from his World Liberty Financial stablecoin.
• Supporters including several Senate Democrats and the Fairshake super PAC have backed crypto conflict measures but passage remains unlikely in the Republican-controlled Congress.