1. United States
2. Ore.
3. Letter

The End Crypto Corruption Act introduced by Senator Jeff Merkley aims to prohibit the president, vice president, members of Congress, senior officials, and their immediate families from financially benefiting from crypto assets. This legislative effort seeks to address the conflicts of interest and corruption concerns arising from President Trump's substantial cryptocurrency holdings and business dealings in the industry. Allowing elected officials and their families to have financial stakes in an emerging asset class like cryptocurrency, which is being shaped by the very policies and regulations they influence, poses significant risks to public trust and national security interests. By restricting their ability to profit from the crypto market, the End Crypto Corruption Act would help safeguard against corrupt schemes where individuals could enrich themselves through policy decisions favoring their personal crypto investments. The recent $2 billion deal between an Abu Dhabi firm and the Trump family's crypto company has heightened scrutiny over these conflicts. While the administration touts making America the "crypto capital of the world," concerns mount over whether policies are being driven by the president's own financial motivations rather than the public good. Passing the End Crypto Corruption Act would be an important step in restoring faith that our elected leaders are working for the interests of the people, not their own pocketbooks. Cryptocurrency regulations should be crafted transparently and without undue influence from personally-invested policymakers. This common-sense measure deserves bipartisan support to uphold integrity in government decision-making.