US lawmakers propose amending the crypto market bill to prohibit the President and others from trading digital assets

Before the Senate Agriculture Committee holds hearings, debates, and votes on the cryptocurrency market structure bill next week, Democratic lawmakers have proposed multiple amendments. One of the amendments proposes to include the Digital Asset Ethics Act, which prohibits regulated individuals such as the President, Vice President, and legislators from participating in specific digital asset transactions. It is reported that Trump has profited approximately $1.4 billion from his cryptocurrency investments, including investments in DeFi and stablecoin project World Liberty Financial, and holds a 20% stake in mining company American Bitcoin. Other amendments include restricting false trading on "digital asset self-service terminals" and requiring a delay in the implementation of future cryptocurrency laws until at least four members of the Commodity Futures Trading Commission (CFTC) are appointed. At present, the CFTC has only one member, with a maximum limit of five members.