You Won’t Believe Why Congress Suddenly Cares About Crypto and Memecoins

Schiff’s new legislative opus, the COIN Act (Curbing Officials’ Income and Nondisclosure), straight-up bans presidents, veeps, their assorted cabinet friends, and their families from launching or shilling crypto coins, NFTs, or that hot new dog-themed memecoin—at least while they’re in office. Oh, and you’d better not try to sneak in any last-minute altcoin shenanigans on your way out, because he’s slapped a “no profiteering” grace period on either end of your public service. Because, you know, nobody loves a goodbye scam.