US EditionDemocrat proposes MEME Act to stop Trump and other top politicians from issuing crypto coins
- House Democrats are introducing the MEME Act to prohibit public officials from endorsing cryptocurrencies like Trump's meme coin, which has experienced a significant price drop from nearly $70 to about $12.
- The proposed bill would also require Trump to return any profits earned from his meme coin sales and would allow investors to sue if they lost money.
- Representative Sam Liccardo expressed concern over transparency and potential corruption, emphasizing the need for enforcement mechanisms against unethical practices in the cryptocurrency market.
- Despite the bill's significance, it is unlikely to pass in the current Republican-controlled Congress, reflecting ongoing divisions within the Democratic Party.
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15 Articles
15 Articles
All
Left
5
Center
3
Right
Coverage Details
Total News Sources15
Leaning Left5Leaning Right0Center3Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 38%
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