President Donald Trump was criticized for launching his meme with little knowledge of the cryptocurrency. The room initially jumped because of its influence but then crashed, resulting in major losses to investors. In response, the US Congress is considering legislation to ban civil servants from creating memes like Trump’s Trump token to prevent such problems in the future.
Controversy on the launch of Trump’s play even
The Democrats of the house are gear To propose the Act on the Application of the Modern Imoluments and Maloves Act (even), aimed at preventing civil servants from earning cryptographic assets.
California Democratic Ageination, representative Sam Liccardo, announced on Thursday his intention to present a bill that would prohibit senior national officials and their families, from Congress to the White House, to enjoy the rooms of personal currency.
Modern law in matters of emoluments and embezzlement’s application (even) aims to prevent the main figures of the government – including the president, the vice -president, the members of the congress, the senior officials and their immediate families – of the issuance, the approval or the promotion of securities, term contracts, orders or digital assets.
Representative Sam Liccardo expressed his concerns that President Trump and First Lady Melania Trump took advantage of their memes pieces, benefiting investors who initially supported the memes piece.
However, the meme -play crash has left several investors in large losses. The value of the medal dropped after Trump told journalists: “I don’t know much about it that I launched it, apart from success.”
When he informed that his play had collected several billion dollars, he rejected the sum, saying: “Several billion – it is peanuts for these guys”, while showing technological billionaires during an AI press conference.
“Let us make corruption again,” said Liccardo, stressing that American public functions are the property of the people, and officials should not exploit their political power for a personal financial benefit.
The bill would prohibit Trump and Melania same
Liccardo is expected to present his bill on Thursday, but it is unlikely to adopt the Congress led by the current Republicans. He sees it as a means of making a declaration against corruption and preparing the ground for possible future measures if the Democrats take control.
If the bill is adopted, it initially prohibits the documents even Melania and Trump. Liccardo mentioned that the bill is supported by twelve Democratic sponsors, who aim to obtain bipartisan support.
He said that the same -ities is issued by the Trumps effectively operates the public for personal profit and raises concerns about the crime of potential initiate and foreign influence on executive power.
This is not Trump’s first adventure in cryptographic products; He previously obtained millions of people out of a series of NFT presenting in different superhero poses in 2022.
Some industry experts believe that the president who launches his own piece of memes could point out that it is a trend that others may want to adopt.