Amend crypto bills to prevent politicians profiting unethically

To: Rep. Simon, Sen. Padilla, Sen. Schiff

From: A constituent in Oakland, CA

May 15

The GENIUS Act and draft market structure bill under consideration fail to address concerns over former President Trump profiting from his digital asset ventures like the TRUMP memecoin and his family's crypto company. Lawmakers must include provisions to prevent corruption and self-dealing from political figures before moving ahead with stablecoin regulations. Without addressing these glaring conflicts of interest, the legislation risks enabling further erosion of democratic norms and ethical governance. Robust guardrails are essential to ensure the integrity of the crypto space and protect it from becoming a vehicle for grift. I urge you to amend the bills accordingly to restore public trust and uphold principles of accountability.

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