Internet reported that after suddenly withdrawing support for the Senate's first stablecoin regulation bill, Senate Democrats announced on Tuesday that they would introduce a new bill to ban federal officials and their families from issuing digital assets. This bill directly targets the stablecoins and meme coins currently held by Trump and his family. The bill's sponsor was Sen. Sen, D-Oregon. Jeff Merkley said,"Currently, anyone who wants to establish a relationship with the president can benefit the president personally by purchasing cryptocurrencies that they own or control, which is an extremely corrupt act that threatens our national security and erodes public trust in government." We must end this corruption immediately."