BlockBeats news, on May 7th, according to The Verge, after suddenly withdrawing support for the Senate's first stablecoin regulation bill, Senate Democrats announced on Tuesday that they will introduce a new bill to prohibit federal officials and their families from issuing digital assets, which directly targets stablecoins and meme coins currently held by Trump and his family. The proposer of the bill, Senator Jeff Merkley, a Democrat from Oregon, said, "Currently, anyone who wishes to establish a relationship with the president can personally profit from the president by purchasing cryptocurrency that they own or control. This is an extremely corrupt act that threatens our national security and erodes public trust in the government. We must immediately end this corruption