Law to prevent ”Trump meme coins” appears... ”No personal gain from virtual currency”

A bill has been proposed in the United States to prevent public officials from pursuing personal gain through cryptocurrencies. The bill, sponsored by Democratic lawmakers, targets President Trump's actions related to cryptocurrencies.
According to Cointelegraph on the 23rd (local time), 10 Democratic senators, including California Senator Adam Schiff, have proposed a bill to prevent public officials from pursuing personal interests in virtual currencies.
The COIN Act was introduced by President Trump after he filed suit against World Liberty Finance, a DeFi (decentralized finance) platform.
The measure comes in response to the disclosure of $57.4 million in profits made through virtual currency. The measure includes a ban on public officials issuing or promoting virtual currency not only during their term of office, but also for up to two years after leaving office.