Democrats in Congress achieved great success in Mimi’s currency in Trump by submitting a bill in the House of Representatives to ban senior federal officials and their families from issuing or strengthening Meme and other financial tools, referring to ethical concerns.
California’s Democratic Deputy Sam Lixkard Driving Payment against Mimi’s currency of Trump, although he insisted that taking the goal of the president’s encryption symbol was not his original intention when he was running for the first time.
However, he claimed that Trump’s move to issue a new Mimi currency needs a kind of response, especially since the code price has decreased quickly, which leaves some investors losses.
Liccardo believes that President Trump’s decision to launch the Mimi currency is immoral and abuse his authority
Liccardo, who is also a former criminal prosecutor, has argued that the nation should restore strict laws to combat corruption, targeting Mimi çoin. According to him, Trump took advantage of his authority, office and people to achieve personal gains, describing the president’s actions as “immoral.”
He added that the Trump symbol raised concerns about transparency, internal circulation, and the improper foreign influence, saying that even some of Trump supporters refused to launch the Mimi currency. Thus, he made legislation against the distinctive symbol on Thursday, modern rewards, enforcement of violations, or the LAM.
Liccardo has even stated that he had about ten democratic fans supporting his legislation.
The draft law must advance the president, vice president, members of Congress, senior executives, and direct families. Violations may face fines and up to five years in prison.
The draft law is dictated so far that Trump will have to give up his profits from selling the distinctive symbol. Moreover, the main legislation, any of its family members or members of Congress will prevent the issuance or strengthening of securities and encryption assets such as Meme currencies.
The legislation will also provide criminal and civil sanctions on some financial assets. In addition, private investors who lose their money will be allowed for their metal currencies promoted by state officials to prosecute.
He even comated liccardo, saying: “You must have some enforcement mechanism and the right to work helps to keep everyone honest.”
However, the draft law may fail to transport in Congress now controlled by Republicans, but it is believed that the legislation will lay the basis for Democrats if they recover power or at least show their position on Trump’s corruption.
Trump and his family actively participated in many encryption projects
Metal currencies Meme are risky and speculative origins, as most critics compare them with Ponzi plans that benefit only from the informed and immoral celebrities.
When Trump released the distinctive symbol for the first time, its price rose rapidly to $ 70 before it decreased to approximately $ 12. However, analysts believe that the distinctive symbol has achieved millions of dollars for entities that were launched before the large price of trading fees.
Melania’s symbol of the first lady also witnessed a similar path to Trump. It increased explosive after its launch, but it has decreased since then the peak days, and traded in only 0.8522 dollars. Not to mention, one of the developers participating in the launch of Melania Token to be intertwined with the scandal of the scale, which is still being investigated by Argentine President Javier Miley.
In addition to the distinctive symbol versions and Melania, Trump and his sons launched a decentralized coding platform in 2024, and even online stores support to sell encrypted sports shoes.
However, the president tried to distance himself from the projects of his family’s encryption and total companies by signing the ethics agreement that hinders him from concluding external trade deals.
Liccardo pushes the MG law to reduce corruption, but it faces political and industrial resistance
The MI Law received support from actors Adam Chef (D-Calif), Jimmy Raskin (D-MD), and Alexandria Okasio Cortez (DN.Y.). But its passage in the Congress controlled by the Republican Party is very unlikely. Liccardo said that the bill is partially a symbolic step against corruption and the highest lawsuit if Democrats regain control of the state legislative body.
Behind the Meme currencies, the wide language of the legislation picks up all securities and digital assets, designed to harden the gaps for indirect profits. This also requires disclosure of foreign encrypted currency ties, but the law represents challenges to implementation. Mixed reactions from the industry: Some defenders of encryption moved to social media to criticize Trump’s work as a “trick”, while others described the draft law as a politically vibrant.
The proposal offers an increased audit in the financial behavior of officials in the financial markets. The novice legislator, which represents the sixteenth circle in the Silicon Valley since January 2025, has placed itself as a defender of the moral judgment in the M and the Law. However, his party faces a great deal of scrutiny over contradictions in addressing financial conflicts. While a few Democrats, including progressive, such as MP Alexandria Okasio-Customs (AOC), supported the trading of Congress shares trading, resisted the Foundation’s personalities such as former speaker Nancy Pelosi such reforms.
Pelosi’s husband, Paul Pelosi, I face criticism As for trades held during the Covid-19s, including $ 5 million in Windfall trading options at Alphabet shares before a hearing on the technology he supervised. Pelosi defended the right of legislators to trade in the markets, saying that some of the proposals were a “market to combat empty”. Public opinion polls He showed that Americans support the restrictions imposed on what can be circulated. Liccardo’s interest in organizing Meme also confirms the greatest challenge of Democrats of balancing their progressive reform aspects with strong financial interests.
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