{"id":37492,"date":"2025-02-27T20:30:31","date_gmt":"2025-02-27T17:30:31","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37492"},"modified":"2025-02-27T16:34:49","modified_gmt":"2025-02-27T13:34:49","slug":"democrats-propose-banning-presidential-meme-coins","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/democrats-propose-banning-presidential-meme-coins\/","title":{"rendered":"Democrats Propose Banning Presidential Meme Coins"},"content":{"rendered":"<p><strong>California Representative Sam Liccardo<\/strong> is preparing to introduce the<a href=\"https:\/\/coinengineer.net\/blog\/scammers-empty-wallets-with-fake-crypto-job-listings-and-grasscall\/\"> <strong>MEME Act<\/strong>,<\/a> which would ban public officials from issuing <strong>meme coins.<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/democrats-propose-banning-presidential-meme-coins\/#US_Congress_to_Consider_Bill_Banning_Presidential_Memecoins\" title=\"US Congress to Consider Bill Banning Presidential Memecoins\">US Congress to Consider Bill Banning Presidential Memecoins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/democrats-propose-banning-presidential-meme-coins\/#Bill_to_Prohibit_Public_Officials_from_Issuing_Digital_Assets\" title=\"Bill to Prohibit Public Officials from Issuing Digital Assets\">Bill to Prohibit Public Officials from Issuing Digital Assets<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"59\"><span class=\"ez-toc-section\" id=\"US_Congress_to_Consider_Bill_Banning_Presidential_Memecoins\"><\/span>US Congress to Consider Bill Banning Presidential Memecoins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"61\" data-end=\"218\"><strong>The US Congress<\/strong> is reportedly set to consider a bill that would ban the issuance of memecoins, such as <strong>President Donald Trump\u2019s Official Trump (TRUMP) token<\/strong>.<\/p>\n<p data-start=\"220\" data-end=\"398\"><strong>House Democrats<\/strong> are preparing to introduce the <strong>Modern Emoluments and Malfeasance Enforcement (MEME) Act<\/strong>, which would prohibit public officials from profiting from digital assets.<\/p>\n<p data-start=\"400\" data-end=\"613\"><strong>California Representative Sam Liccardo<\/strong> stated on February 27 to ABC News that the bill would impose a broad ban on public officials issuing, sponsoring, or endorsing any securities, commodities, or digital assets.<\/p>\n<p data-start=\"615\" data-end=\"810\">&#8220;Let\u2019s make corruption criminal again,&#8221; said Liccardo, adding that US public offices belong to the public, and officials should not be allowed to use their political authority for financial gain.<\/p>\n<h2 data-start=\"812\" data-end=\"873\"><span class=\"ez-toc-section\" id=\"Bill_to_Prohibit_Public_Officials_from_Issuing_Digital_Assets\"><\/span>Bill to Prohibit Public Officials from Issuing Digital Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"875\" data-end=\"1077\"><strong>The MEME Act<\/strong>, expected to be introduced on February 27, will cover the president, vice president, members of Congress, senior executive branch officials, as well as their spouses and dependent children.<\/p>\n<p data-start=\"1079\" data-end=\"1441\"><strong>Liccardo<\/strong> stated that the bill addresses the financial exploitation of the public through the Trumps\u2019 issuance of memecoins, raising concerns about insider trading and foreign influence over the executive branch. He added that the bill would prevent public officials from using digital assets for financial gain and is an important step in restoring public trust.<\/p>\n<p data-start=\"1443\" data-end=\"1567\" data-is-last-node=\"\" data-is-only-node=\"\"><strong>Democrats<\/strong> argue that the bill is critical to ensure the government operates more transparently and in the public&#8217;s interest.<\/p>\n<hr \/>\n<p data-start=\"1443\" data-end=\"1567\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest <a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>California Representative Sam Liccardo is preparing to introduce the MEME Act, which would ban public officials from issuing meme coins. US Congress to Consider Bill Banning Presidential Memecoins The US Congress is reportedly set to consider a bill that would ban the issuance of memecoins, such as President Donald Trump\u2019s Official Trump (TRUMP) token. House<\/p>\n","protected":false},"author":29,"featured_media":37494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12285,12286,12288,12287,7349],"class_list":["post-37492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-california-representative-sam-liccardo","tag-meme-act","tag-modern-emoluments-and-malfeasance-enforcement-meme-act","tag-president-donald-trumps-official-trump-trump-token","tag-us-congress"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Democrats Propose Banning Presidential Meme Coins - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/democrats-propose-banning-presidential-meme-coins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Democrats Propose Banning Presidential Meme Coins - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"California Representative Sam Liccardo is preparing to introduce the MEME Act, which would ban public officials from issuing meme coins. 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