House Democrats Unleash Hilarious New Bill to Tame $TRUMP Memecoin Madness!

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Ah, the world of politics and cryptocurrency—a delightful cocktail of confusion and chaos! House Democrats, in their infinite wisdom, are gearing up to unveil a new piece of legislation that sounds like it was dreamt up during a particularly wild game of Scrabble: the Modern Emoluments and Malfeasance Enforcement (MEME) Act. Yes, you heard that right! It’s a bill designed to keep our beloved public officials from cashing in on meme coins and digital assets. Because, let’s face it, who wouldn’t want to stop politicians from making a quick buck off the latest internet fad? 🙄

According to the ever-reliable ABC News (because who doesn’t trust a news source that sounds like a grade school report?), this bill is taking aim at tokens like the infamous $TRUMP and the equally riveting MELANIA tokens. These little gems were hastily minted by none other than former President Donald Trump and his wife, Melania. It’s almost as if they thought, “Why not add a little more chaos to the world?” California Representative Sam Liccardo has announced that the bill will be debated today, which is sure to be more entertaining than a cat video on YouTube. 🐱

The proposed legislation aims to prevent public officials—yes, that includes the president, vice president, and your local congressperson—from using their lofty positions for personal gain, especially when it comes to the wild world of digital assets. Because nothing says “I care about the people” like a politician cashing in on a meme coin that’s about as stable as a three-legged chair.

Liccardo, the brave soul leading this charge, quipped, “Let’s make corruption criminal again.” A noble sentiment, indeed! After all, public offices should be about serving the people, not lining one’s pockets with the latest digital nonsense. 🙌

Now, let’s talk about the $TRUMP token, which made its grand debut in January 2025, just days before Trump took office. Talk about timing! Melania followed suit with her own coin, presumably because why not? Since their launch, both tokens have plummeted faster than a lead balloon—$TRUMP has nosedived by 82%, while $MELANIA has taken a staggering 93% hit. Ouch! That’s got to sting for the investors who thought they were getting in on the next big thing. 💸

Liccardo’s bill is one of the first serious attempts to rein in the memecoin market, which is like trying to herd cats—good luck with that! The proposal threatens criminal and civil penalties for any officials who dare to break the rules. Liccardo is optimistic that this bill will garner support from both sides of the aisle, although navigating a Republican-controlled Congress might be akin to swimming upstream in molasses.

And let’s not forget, other memecoin-related proposals are popping up like weeds in a garden. For instance, on February 20, 2025, Senator Cortez Masto suggested banning federal employees from profiting off meme coins linked to the Chinese Communist Party. Because if there’s one thing we can all agree on, it’s that meme coins should be the least of our worries, right? 😂

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2025-02-27 21:10