President Donald Trump avoided a direct answer when asked if he would divest from his family's cryptocurrency ventures to facilitate the passage of crucial crypto legislation. During a press briefing, he asserted the importance of maintaining the U.S.'s leadership in the crypto sector, claiming that if the U.S. did not embrace cryptocurrencies, other countries like China would take the lead. This non-answer comes amidst growing concerns from Democratic lawmakers regarding potential conflicts of interest tied to Trump's crypto investments, which they say could impede bipartisan support for crypto regulation. To address these concerns, California Senator Adam Schiff proposed the Curbing Officials’ Income and Nondisclosure (COIN) Act, aimed at restricting high-ranking officials from engaging in cryptocurrency activities. Schiff criticized the current situation, stating that Trump's connections to the crypto industry represent blatant corruption. Despite the Senate's recent passing of crypto regulations, questions remain about the integrity of lawmakers' financial interests in the burgeoning blockchain space.

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