House Democrats take aim at $TRUMP crypto meme coin
Source: ABC News
February 27, 2025, 5:30 AM
While President Donald Trump’s proudest supporters on Capitol Hill shower him with legislation proposing putting his portrait on a $250 bill, declaring his birthday a national holiday or adding his likeness to Mount Rushmore -- a new effort across the aisle isn’t as flattering -- as House Democrats take aim at the president’s $TRUMP meme coin.
Since launching a little over a month ago, the $TRUMP coin has tanked in value after early investors dumped the cryptocurrency. Members of Congress have noticed as hundreds of thousands of investors have taken hard hits and billions in value have quickly vanished.
California freshman Democrat Rep. Sam Liccardo told ABC News on Thursday he will introduce legislation to prohibit the country’s top officials and their families -- from Congress to the White House -- from capitalizing on personal meme coins.
The Modern Emoluments and Malfeasance Enforcement (MEME) Act would prohibit the president, vice president, members of Congress, senior executive branch officials and their spouses and dependent children from issuing, sponsoring or endorsing a security, future, commodity or digital asset. Liccardo said he believes that the president and first lady Melania Trump cashed in on their meme coins and enriched investors around the world who initially supported the cryptocurrency.
Read more: https://abcnews.go.com/Politics/house-democrats-aim-trump-crypto-meme-coin/story?id=119241283
This effort will obviously not go anywhere right now - but IF we can take the House or both chambers (assuming there are elections in 2026), then the base text of the legislation is available and the bill can be resubmitted.
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If you're stupid enough to give a billionaire free money in exchange for literally nothing in return, you deserve to lose every last cent of it. 
