While President Donald Trump, the most proud supporters of Capitol Hill, the shower of legislation offering to put his portrait on a $ 250 ticket, declaring his birthday a national holiday or adding his resemblance to Mount Rushmore – a new effort in the aisle is not as flattering – as the Democrats of the Chamber are aiming for the president’s play of the president.
Since its launch a little over a month ago, the $ Trump’s room sang the value after the first investors spilled the cryptocurrency. Congress members have noticed that hundreds of thousands of investors took sure and billion in value quickly disappeared.
The first year representative of California Democrat, Sam Liccardo, told ABC News on Thursday that he would present legislation to prohibit senior officials from the country and their families – from Congress to the White House – to capitalize on rooms of personal memes.
President Donald Trump is organizing his first meeting of the cabinet with Elon Musk present, Washington, DC, United States, February 26, 2025.
Brian Snyder / Reuters
Modern law in matters of emoluments and embezzlement’s application (even) prohibit the president, vice-president, members of the congress, senior executive officials and their spouses and children who are responsible for delivering, sponsoring or approving security, a future, basic products or a digital asset.
Liccardo said he thought that President and First Lady Melania Trump had collected their memes pieces and enriched investors around the world who initially supported the cryptocurrency.
Trump launched the medal in January, a few days before he took office. A similar Mélana piece had been published a week earlier. Trump said in July that it wanted to transform the United States into “the cryptographic capital of the planet”.
Although Liccardo’s legislation does not become the law over the next two years under the Republican majority in the House and the Senate, the first democratic year said that the president and the first lady had made a boon on their respective pieces of same and strive to strengthen the support that ends behind a Democratic majority.
“Redagoons again corruption,” said Liccardo, a former federal and local criminal prosecutor. “Our public offices belong to the public, not to office holders, and they should not take advantage of their political authority for financial purposes. The emission of the pieces even by the trumps financially operates the public for personal purposes and raises the spectrum of the initiate of initiate and the foreign influence on the executive power. »»
An American flag flies near the Dome of the American Capitol in Washington, DC, on February 25, 2025.
Saul Loeb / AFP via Getty Images
The proposal prohibits federal officials from promoting a range of financial assets or participating in any conduct likely to benefit financially, according to Liccardo. Legislation would impose criminal and civil sanctions and includes a ban that applies to any financial active ingredient, such as the Truth Social stock.
Liccardo wants to submit to offenders to criminal and civil sanctions while preventing them from taking advantage of an asset issued before the promulgation of the bill – which gives it a retroactive element intended to approach the launch of $ Trump.
Liccardo said he had a dozen Democrats Coparrôles when he is preparing to present the legislation on Thursday.
Max Zahn of ABC News contributed to this report.