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California Democratic Party Representative Sam Liccardo is preparing to present the MEME Act, which would prohibition the issuance of memecoins similar TRUMP by nationalist officials.
The US Congress is reportedly acceptable to see authorities that would prohibition the issuance of memecoins similar President Donald Trump’s Official Trump (TRUMP) token.
House Democrats are preparing to present the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit nationalist officials from profiting from integer assets, California Representative Sam Liccardo told ABC News connected Feb. 27.
The draught authorities would prohibit a wide scope of nationalist officials and related persons from issuing, sponsoring oregon endorsing immoderate security, commodity oregon integer asset.
“Let’s marque corruption transgression again,” Liccardo said, adding that US nationalist offices beryllium to the nationalist and that officials should not beryllium allowed to leverage their governmental authorization for fiscal gain.
Bill would use to Melania Trump’s memecoin
The MEME Act, which is expected to beryllium introduced connected Feb. 27, volition interest the president, vice president, Congress members, elder enforcement subdivision officials and their spouses and babelike children.
Liccardo said the measure has a twelve Democratic sponsors who are moving to physique bipartisan support.
“The Trumps’ issuance of memecoins financially exploits the nationalist for idiosyncratic summation and raises the specter of insider trading and overseas power implicit the enforcement branch,” helium stated.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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