S 2143
Curbing Officials' Income and Nondisclosure (COIN) Act
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Curbing Officials’ Income and Nondisclosure (COIN) Act aims to prevent financial exploitation by public officials. It prohibits certain financial transactions involving digital assets, such as cryptocurrencies and meme coins, by covered individuals (like elected officials). The bill establishes civil and criminal penalties for violating these restrictions and requires disclosures of financial interests related to digital assets. It also includes provisions to address potential conflicts of interest related to payment stablecoins and mandates a GAO report to Congress on updating ethics laws.
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