Senator Kirsten Gillibrand has renewed her call to end the meme ban that covers the President, members of Congress, and their wives. The push comes in response to new documents that show Donald Trump earned $636 million from his TRUMP brand in 2025.
The New York Democrat wants Congress to make it illegal for elected officials and their wives to issue or support digital assets. His demands come as his son’s crypto startup faces scrutiny in Washington.
Trump’s Windfall Revives the Fight to Ban Memecoin
Trump’s 927-page disclosure, released Tuesday by the Office of Government Ethics, said more than $1.4 billion in cryptocurrencies for 2025. The single largest item was $636 million from CIC Digital LLC, linked to the Official Trump (TRUMP) meme coin license.
The president has since said he protected his crypto assets. Meanwhile, TRUMP it can be sold for 1.80 US Dollarsdown more than 97% from its high of $73.43 after its January 2025 launch date.
First Lady Melania Trump too printed meme currency and reported $6 million from NFTs and digital collectibles.
Opposition to the president’s actions has grown. Economist Peter Schiff this week called legal signs of corruptionthey argue that consumers pay for access to the president.
Similarly, Gillibrand also shared her own intentions in an email she shared with BeInCrypto.
“This is a joint demand that needs to get bipartisan support – government officials and spouses should not donate memecoins… The time to act is now – and that should include a code of conduct that prohibits members of Congress, the President, and their spouses from investing in their positions.”
Gillibrand cosponsors the End Crypto Corruption Act, introduced by Senator Jeff Merkley in May 2025. an idea would prohibit presidents, lawmakers, officials, and their families from issuing or accepting digital assets, including meme currencies and stablecoins.
Son’s $300 Million Venture Tests His Moral Message
The senator faces his own questions. Chance report in June that his son, Theodore Gillibrand, raised $30 million in a round led by Lux Capital.
The 22-year-old founder, American Perpetuals Exchange Corp, has a net worth of $300 million. It plans to get approval from the Commodity Futures Trading Commission (CFTC) to list futures on stocks and indexes.
Gillibrand, who has long advocated for a ban on stock trading by lawmakers, says her son runs an independent business without involvement.
However, critics argue that the promotion undermines its anti-selfish message when discussing crypto regulations.
“Gillibrand’s son graduated from elementary school on Sunday.” By the following week, they reportedly received $30 million in cash to launch the exchange. he said.
Crypto companies spent $189 million on 2026 tournaments, about 37% of investment in corporate decisionsraising a moral debate.
With Republicans in control of both chambers, the coming weeks could reveal whether the language of culture enters the marketplace conversation.
A note Senator Wants Trump Meme Coin Ban After $636 Million Windfall appeared for the first time BeInCrypto.
