TRUMP Coin Prompts House Democrats To Introduce MEME Act
President Donald Trump‘s TRUMP (CRYPTO: TRUMP) meme coin has become the target of new legislation proposed by House Democrats, highlighting growing concerns over the intersection of cryptocurrency and political power.
What Happened: California Democrat Rep. Sam Liccardo is set to introduce the Modern Emoluments and Malfeasance Enforcement Act on Thursday.
It aims to prohibit top government officials and their families from capitalizing on personal meme coins.
Liccardo told ABC News, “Let’s make corruption criminal again.”
He emphasized that the legislation seeks to prevent public officials from leveraging their authority for financial gain.
The MEME Act would forbid the president, vice president, members of Congress, senior executive branch officials and their …
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