PRESIDENT DONALD TRUMP made tens of billions on paper by using his national profile to push meme cryptocurrency. One Democratic congressman wants to make sure other politicians can’t do the same. Silicon Valley Congressman Sam Liccardo introduced a bill Thursday that would bar Trump and other public officials from promoting stocks and cryptocurrency endeavors from

His bill would also allow lawsuits from crypto speculators who lose money by investing in a meme coin sponsored by a public official. Some 800,000 retail investors lost at least $2 billion when early insider investors quickly sold their $TRUMP coin after its issuance, according to a press release from Liccardo’s office.

California Democrat Rep. Sam Liccardo, a freshman congressman who represents Silicon Valley, said he’s surprised the first piece of legislation he’s sponsoring takes aim at President Donal Trump’s meme coin. “That wasn’t my plan when I ran for ...

Democrat Sam Liccardo introduces MEME Act to prohibit government officials from launching cryptocurrencies following Trump's controversial meme coin release.

California Democrat Rep. Sam Liccardo, a freshman congressman who represents Silicon Valley, said he's surprised the first piece of legislation he's sponsoring takes aim at President Donal Trump's ...