U.S. lawmakers submitted multiple amendments to the cryptocurrency market structure bill, including a ban on trading digital assets by the president and other officials

According to The Block, ahead of next week's Senate Agriculture Committee hearing, debate, and vote on the cryptocurrency market structure bill, Democratic lawmakers have submitted several proposed amendments. One of the amendments aims to add the "Digital Asset Ethics Act" to the bill.

This amendment would prohibit "regulated persons," such as the President, Vice President, and members of Congress, from engaging in certain financial transactions involving digital assets. Bloomberg has estimated that Trump has profited about $1.4 billion from his cryptocurrency investments, which include investments from DeFi and stablecoin project World Liberty Financial. The Trump family also holds a 20% stake in the mining company American Bitcoin.

Other amendments include measures aimed at preventing "digital asset self-service terminals" from conducting fraudulent transactions; as well as a requirement to delay the effectiveness of future cryptocurrency legislation until at least four members of the Commodity Futures Trading Commission (CFTC) are appointed. Currently, there is only one commissioner at the CFTC, while the maximum number of commissioners is five, making this issue a focal point of debate among some lawmakers.