House Democrats propose bill to ban presidential memecoins: Report
California Democratic Party Representative Sam Liccardo is preparing to introduce the MEME Act, which would ban the issuance of memecoins like TRUMP by public officials.
The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token.
House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News on Feb. 27.
The draft legislation would prohibit a broad range of public officials and related persons from issuing, sponsoring or endorsing any security, commodity or digital asset.
