Home Democrats are getting ready to introduce the Fashionable Emoluments and Malfeasance Enforcement (MEME) Act, which might prohibit public officers from benefiting from digital property, California Rep. Sam Liccardo told ABC Information on Feb. 27.
The draft laws would prohibit a broad vary of public officers and associated individuals from issuing, sponsoring and endorsing any safety, commodity or digital asset.
“Let’s make corruption prison once more,” Liccardo stated, including that US public places of work belong to the general public and that formally shouldn’t be allowed to leverage their political authority for monetary acquire.
Invoice would apply to Melania Trump’s memecoin
The MEME Act, which is reportedly anticipated to be launched on Feb. 27, will have an effect on the president, vice chairman, Congress members, senior government department officers, in addition to their spouses and dependent youngsters.
Liccardo stated the invoice has a dozen Democratic sponsors who’re working to construct bipartisan assist.
“The Trumps’ issuance of memecoins financially exploits the general public for private acquire and raises the specter of insider buying and selling and international affect over the manager department,” he acknowledged.
This can be a growing story, and additional info shall be added because it turns into out there.
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