Curbing Officials' Income and Nondisclosure (COIN) Act

The COIN Act prohibits federal public officials and their immediate family members from engaging in certain financial transactions involving digital assets like cryptocurrencies, meme coins, tokens, and payment stablecoins during their service and for specified periods before and after service. It creates civil penalties of up to $25,000 per violation, 10% of the asset's value, or the financial gain, whichever is greater, for violations of these prohibitions. The bill also requires officials to disclose digital assets they hold and mandates payment stablecoin issuers to certify no public officials profit from their stablecoins, with annual recertification requirements. These provisions aim to prevent conflicts of interest and financial exploitation by public officials related to digital assets.