House Democrats Propose MEME Act to Ban Public Officials from Issuing Memecoins, Targeting Trump’s Recent Launch

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The coin initially surged due to his influence but then crashed, causing major losses for investors.

When informed that his coin had raised several billion dollars, he dismissed the sum, saying, “several billion – that’s peanuts for these guys,” while pointing to tech billionaires at an AI press conference.“Let’s make corruption criminal again,” stated Liccardo, highlighting that US public offices are the property of the people, and officials should not exploit their political power for personal financial benefit.

Freshman Democrat from California, Rep.

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Article Details

Author / Journalist: Shayan Chowdhury

Category: Crypto

Markets: United States

Topics: Bitcoin Meme Coins News Crypto Regulations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 14:01:58 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 26476944

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 25 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #112

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