Gillibrand Revives Memecoin Ban Push Amid Trump's $636M Windfall

Senator Kirsten Gillibrand is renewing her call for a ban on meme coins issued by elected officials and their spouses. This push comes after it was revealed that former President Donald Trump earned $636 million from his TRUMP token in 2025.

The disclosure, released by the Office of Government Ethics, showed over $1.4 billion in crypto income for 2025, with the largest single item being $636 million from CIC Digital LLC, linked to the Official Trump (TRUMP) meme coin license.

Gillibrand has been a long-time advocate for banning stock trading by lawmakers and is cosponsoring the End Crypto Corruption Act. This proposal would bar presidents, lawmakers, senior officials, and their families from issuing or endorsing digital assets, including meme coins and stablecoins.