Democratic Senate members are trying to prevent President Trump’s projects for encryption, indicating
Democrats in the Senate are pushing new legislation aimed at preventing corruption related to the coded currency between senior US officials.
American Democratic Senate members led by Jeff Mercli and Democratic leader Chuck Schumer (D-Ny) presented The end of corruption law in 2025 To prevent the President, Vice President and chief executive branch officials, members of Congress and individuals appointed by the Senate and their direct family from making money from issuing encryption assets, including Memecoins and Stablecoins.
Any individual is covered by section 13152 (a) intentionally subject to The penalty for civil criticism is not equal to more than 10 % of the value of the financial interest that is the subject of prohibited behavior, or the amount of financial gains, if any, which is benefited by the covered individual with regard to prohibited behavior, which is greater. “
This step comes amid fears that conflicts of interest arises from President Donald Trump’s projects.
Mercury, who sponsored the bill, says that people who want to influence the president can enrich him by buying or controlling the encryption. The legislator says the preparation is a corrupt plan that exposes national security and erodes public confidence in the government.
Shomer He says They take measures to prevent Trump from endangering consumers and national security.
“Donald Trump’s attempts to Grift and corruption are well known and well documented. At the present time, individuals can prefer this White House and earn money to Trump by buying its digital assets …
Our democracy should not be for sale. “
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