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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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A Crypto Ban for Meme Coin and Project May Come from US Representatives to Trump! - Coin Bulletin
U.S. Representative Ritchie Torres announced a new bill aimed at preventing presidents, members of Congress, and their close relatives from "profiting" from cryptocurrencies and digital assets.
Democrat Representative Ritchie Torres from New York plans to introduce a bill titled "Prohibition of Presidential Use of Digital Assets". This bill would make it illegal to create, issue, or promote digital assets using the names, likenesses, or other recognizable features of sitting or former presidents, vice presidents, members of Congress, and federal officials. The individuals targeted by the bill include presidents, vice presidents, members of Congress, and their close family members.
This step was taken in parallel with the rising criticisms among Democrats in response to Trump's increasing interest in digital assets and his efforts to profit from memecoins and stablecoins. Trump had launched his own memecoins before starting his term in 2025. Additionally, World Liberty Financial, an initiative owned by Trump, launched its own stablecoin and held a crypto-themed fundraising night last week. Furthermore, it invited the top 220 memecoin holders to a gala dinner.
These developments were further fueled by Democratic Senator Richard Blumenthal's letter to World Liberty Financial and Fight Fight Fight LLC to investigate potential conflicts of interest related to Trump's crypto activities.