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Kirsten Gillibrand: “Our legislation will just prohibit it, prohibit the…”

Featuring: Kirsten Gillibrand, Democratic | U.S. Senate New York

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Senator Kirsten Gillibrand (D - NY) Talks Crypto Market Structure Legislation | Bloomberg Talks

Published | Video Starts at 03:03

And I wonder to what extent is still the involvement directly of the President's family in this space that is acting as kind of an impediment to bipartisan progress? Well, you know, those are, those are business interests of Trump family members. Our legislation will just prohibit it, prohibit the principals from being an issuer or a promoter of these cryptocurrencies or meme coins or stablecoins. We just don't want people who are in positions of authority to be able to make money on the side off the backs of the American people based on nonpublic information. (03:03–03:15)

CLAIM

Asserts that the legislation will prohibit principals from issuing or promoting cryptocurrencies.

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