ABC News reports:
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.
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.
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House Democrats to introduce the MEME Act, banning public officials from issuing or endorsing memecoins like $TRUMP.
Rep. Sam Liccardo is leading the bill, aiming to prevent government figures from influencing crypto markets through memecoins. https://t.co/nTpOJM7vd6 pic.twitter.com/EVvPToiaGO
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