The senator said Congress should bar elected officials and their spouses from issuing memecoins after President Trump’s latest financial filing tied hundreds of millions of dollars to the business.
Sen. Kirsten Gillibrand renewed her push for Congress to prohibit elected officials and their spouses from issuing memecoins after President Trump's latest financial disclosure listed about $636 million in 2025 income tied to his memecoin business. The renewed call puts political focus on potential conflicts of interest around digital tokens that can derive value from public attention and insider access. Memecoins (crypto tokens often driven by internet culture and speculation) have become a flashpoint because public officials can influence sentiment while also benefiting financially.