Curbing Officials' Income and Nondisclosure (COIN) Act amends federal law to prevent financial exploitation by public office holders.
The Curbing Officials' Income and Nondisclosure (COIN) Act amends federal law to prevent financial exploitation by public office holders. It prohibits public officials and their immediate family members from engaging in certain financial transactions involving digital assets, including cryptocurrencies and payment stablecoins. The Act also requires payment stablecoin issuers to certify that no public official has a financial interest in their operations. Failure to comply with these requirements can result in penalties, including fines and revocation of operating approval.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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