Will Adam Schiff's COIN Act Vanish Donald Trump's Crypto Empire?

CN
12 hours ago

Donald Trump Crypto Empire Face Uncertainty Amid COIN Act Proposal

Senator Adam Schiff put forth a fresh, aggressive bill — the COIN Act — that would alter the course of American leadership and cryptocurrency. The bill will prohibit U.S. Presidents, Vice Presidents, and direct family members from endorsing, issuing, or having significant crypto-related holdings while serving. Schiff took to X to share the details.

Adam Schiff Coin Act

Source: X

The Adam Schiff COIN Act is transparency and equity-oriented. Heads would be compelled to provide every cryptocurrency transaction above $1,000. They would be imprisoned or fined five years if they contravene this act.

As Adam Schiff stories become trending, the move is being seen as a reaction to Donald Trump news, with the ex-president having allegedly earned more than a billion dollars from several digital assets and NFT activities.

Adam Schiff tweets , "Donald has made over a billion from his crypto ventures. He’s cashed in on sneakers, bibles, and now his own phone. His personal economy is doing great — even while the rest of the country is suffering."

Trump and Vance's Crypto Empire: What's in the Balance?

The Adam Schiff COIN Act is coming on a time when the global economy is already feeling the pressure due to the Iran-Israel war . US President's recent remarks on the Iran-Israel war, the market panicked, leading to a sharp market crash. The total market cap fell from $3.35 trillion to $3.04 trillion in just six days.

global market cap

Source: CoinMarketCap

To gain back community trust, president announced a " complete and total ceasefire " — now called The 12 Day War — which helped the market bounce back to $3.24 trillion. This turnaround has sparked major market news across platforms.

Both, the US President and his VP JD Vance have a direct stake in the digital asset space and thus, all these things interrelate. The Donald holdings involve direct participation in:

  • $TRUMP, memecoin on Solana

  • World Liberty Financial (WLFI) , DeFi venture started by his sons

  • NFT collections on Polygon

  • Investment in Ethereum (ETH), Ripple (XRP), USD Coin (USDC), and some memecoins

However, the JD Vance crypto portfolio involves investment in Bitcoin of up to $250,000 and investment in Avalanche (AVAX), Dogecoin (DOGE), and Intelmarkets (INTL). These details show how closely tied the current leadership is with the world.

Trump’s Dilemma: Crypto Gains or Presidential Ambition?

If the COIN Act passes, the president faces a serious decision: either continue his digital asset businesses or remain in the presidential race. Both options come with big consequences.

  • If he hands over his businesses to someone else, the market might still react negatively.

  • If he shuts down businesses, the Trump memecoin price and WLFI tokens could crash from panic selling.

  • If he quits the race, it would shake both the political and financial world.

Right now, neither Trump nor Vance has responded officially. But the pressure is rising. This situation has drawn strong opinions from investors, media, and even lawmakers, increasing calls to Ban Presidents from Profits.

What Should Crypto Investors Do Now?

If you own an investment in coin, WLFI, or any other venture tied to the U.S. political scene, here are some things you should remember:

Be vigilant: Keep an eye on official statements by Trump, JD Vance, and the U.S. Senate

Do your homework: Don't invest due to hype or political popularity

Be prepared for high volatility: Political decisions can affect your holdings overnight

Conclusion

Irrespective of whether or not the Ban Presidents from Crypto Profits bill is signed, the spotlight has now turned to Donald, his presidency, and his crypto businesses. Whatever he decides to do next will not only influence Donald Trump crypto portfolio but also the world market and investor sentiment worldwide.

In the meantime, the public sits and waits — will Trump decide to "Make America Great Again" or merely build his empire? Either way, the market has some wonderful drama in store for it down the line.

Disclaimer: This article is for informational purposes only. Investors are advised to do their research before making any investment decision.

Also read: Newton Protocol Listing on Binance Alpha, June 24: Check Details

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