{"id":22113,"date":"2025-05-06T16:24:59","date_gmt":"2025-05-06T20:24:59","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/?p=22113"},"modified":"2025-05-22T21:59:56","modified_gmt":"2025-05-23T01:59:56","slug":"merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials\/","title":{"rendered":"Merkley and Schumer Lead the Charge to End Crypto Corruption by Trump &amp; Other Elected Officials"},"content":{"rendered":"<p class=\"has-text-align-center\"><em>New legislation follows reports of President Trump\u2019s crypto-related conflicts of interest<\/em><\/p>\n\n\n\n<p>Washington, D.C. \u2013 Oregon\u2019s U.S. Senator Jeff Merkley and Senate Democratic Leader Chuck Schumer (D-NY) spearheaded a brand-new effort to crack down on cryptocurrency-related corruption by elected officials at the highest levels of the federal government.<\/p>\n\n\n\n<p>de Merkley <em>End Crypto Corruption Act <\/em>bans the President, Vice President, Senior Executive Branch Officials, Members of Congress, and their immediate families from financially benefiting from issuing, endorsing, or sponsoring crypto assets, such as meme coins and stablecoins. As <a href=\"https:\/\/www.nytimes.com\/2025\/05\/05\/us\/politics\/trump-crypto-senate-investigation.html\" target=\"_blank\" rel=\"noreferrer noopener\">historia<\/a> despu\u00e9s <a href=\"https:\/\/www.motherjones.com\/politics\/2025\/04\/trump-crypto-coin-white-house-tour\/\" target=\"_blank\" rel=\"noreferrer noopener\">historia<\/a> trickles out about President Trump\u2019s crypto deals and his mounting conflicts of interest, the <em>End Crypto Corruption Act <\/em>directly addresses and curbs the Trump Administration\u2019s apparent corruption.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCurrently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,\u201d&nbsp;<strong>dijo el senador Merkley.<\/strong>&nbsp;\u201cThis is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government. Let\u2019s end this corruption immediately.\u201d<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDonald Trump\u2019s attempts at grift and corruption are well known and well documented. And right now individuals can curry favor with this White House and make money for Trump by purchasing his digital assets. Senate Democrats aren\u2019t going to stand by and let Donald Trump put our national security and consumers at risk so he can make money off the Office of the Presidency. Our democracy shouldn\u2019t be for sale,\u201d <strong>dijo el l\u00edder Schumer.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>Previously, Merkley and Ranking Member of the Senate Banking Committee Elizabeth Warren (D-MA) <a href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-warren-trump-linked-crypto-deal-is-a-staggering-conflict-of-interest\/\" target=\"_blank\" rel=\"noreferrer noopener\">sent a letter to Office of Government Ethics Acting Director Jamieson Greer<\/a> to raise significant concerns about a billion-dollar deal between a Trump-backed crypto company and a foreign crypto firm. The deal appears to enrich President Trump, his family, and members of his administration.<\/p>\n\n\n\n<p>El <em>End Crypto Corruption Act <\/em>is cosponsored by Ranking Member Warren and U.S. Senators Mazie K. Hirono (D-HI), Chris Van Hollen (D-MD), Kirsten Gillibrand (D-NY), Jack Reed (D-RI), Catherine Cortez Masto (D-NV), Bernie Sanders (I-VT), Andy Kim (D-NJ), Angela Alsobrooks (D-MD), Cory Booker (D-NJ), Edward J. Markey (D-MA), Tammy Duckworth (D-IL), Elissa Slotkin (D-MI), Mark Kelly (D-AZ), Lisa Blunt Rochester (D-DE), Ron Wyden (D-OR), and Richard Blumenthal (D-CT).<\/p>\n\n\n\n<p>Democracy Defenders Action and Public Citizen have endorsed the <em>End Crypto Corruption Act<\/em>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The cryptocurrency industry is desperately in need of regulation\u2014but not at the expense of allowing it to become an effective tool for corruption,&#8221;&nbsp;<strong>said Virginia Canter, Anticorruption and Ethics Chief Counsel and Director at Democracy Defenders Action.<\/strong> &#8220;It\u2019s critical that we prevent public officials like the President and members of Congress from offering volatile and novel assets that create an unacceptable conflict of interest risk. By prohibiting these officials from issuing digital assets \u2014and including similar language in all cryptocurrency legislation\u2014Congress will demonstrate that their focus, and the focus of all public servants, remains squarely on the needs and interests of the nation, not on the profits they can make from encouraging others to speculate in the highly volatile digital marketplace.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>Texto completo de la <em>End Crypto Corruption Act<\/em> can be found by clicking <a href=\"https:\/\/www.merkley.senate.gov\/wp-content\/uploads\/End-Crypto-Corruption-Act.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">aqu\u00ed<\/a>.<\/p>\n\n\n\n<p><em>Este comunicado de prensa ha sido actualizado.<\/em><\/p>\n\n\n\n<p class=\"has-text-align-center\">###<\/p>","protected":false},"excerpt":{"rendered":"<p>New legislation follows reports of President Trump\u2019s crypto-related conflicts of interest Washington, D.C. \u2013 Oregon\u2019s U.S. Senator Jeff Merkley and Senate Democratic Leader Chuck Schumer (D-NY) spearheaded a brand-new effort to crack down on cryptocurrency-related corruption by elected officials at the highest levels of the federal government. Merkley\u2019s End Crypto Corruption Act bans the President, [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":18848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[108,38,129],"class_list":["post-22113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","tag-democracy","tag-foreign-policy-and-national-security","tag-protecting-consumers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merkley and Schumer Lead the Charge to End Crypto Corruption by Trump &amp; Other Elected Officials - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merkley and Schumer Lead the Charge to End Crypto Corruption by Trump &amp; Other Elected Officials - Merkley\" \/>\n<meta property=\"og:description\" content=\"New legislation follows reports of President Trump\u2019s crypto-related conflicts of interest Washington, D.C. \u2013 Oregon\u2019s U.S. Senator Jeff Merkley and Senate Democratic Leader Chuck Schumer (D-NY) spearheaded a brand-new effort to crack down on cryptocurrency-related corruption by elected officials at the highest levels of the federal government. Merkley\u2019s End Crypto Corruption Act bans the President, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.merkley.senate.gov\/es\/merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials\/\" \/>\n<meta property=\"og:site_name\" content=\"Merkley\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T20:24:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-23T01:59:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.merkley.senate.gov\/wp-content\/uploads\/Updated-Release-Photo-2-.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Justin Krakoff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Justin Krakoff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-and-schumer-lead-the-charge-to-end-crypto-corruption-by-trump-other-elected-officials\/\"},\"author\":{\"name\":\"Justin Krakoff\",\"@id\":\"https:\/\/www.merkley.senate.gov\/#\/schema\/person\/c3d47246c54d8abdcee52f34d61da4fb\"},\"headline\":\"Merkley and Schumer Lead the Charge to End Crypto Corruption by Trump &amp; 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