Democrats aim at Trump’s healing profits

American Democratic lawmakers launched a multi -corner attack on President Donald Trump’s projects of encryption with two draft laws and sub -heaven aimed at reducing his ability to benefit from initiatives.

The law of modern regions and the enforcement of violations, or the MG law, aims to prevent federal officials from using their location to Profit from MemecoinsDemocratic Senator Chris Murphy He said In the May 6 statement.

If it is approved, the MEME law prohibits the president, vice president, members of Congress, executives officials, their husbands and children from issuing, sponsoring, promoting security, future, commodity or digital assets, According to To describe the bill.

Today the draft law – the Law of the M. – to prohibit a head or member of the Congress from the issuance of the Mimi currency.

Trump is the largest corruption scandal in the history of the White House. Repliccardo I am determined to put an end to this corruption – for good. pic.twitter.com/nql9zfiyyv

Chrismurphyct May 6, 2025

Violations may face civil sanctions amounting to $ 250,000, and you are required to wander on any profits for the United States Treasury. Criminal penalties can also apply, including fines and up to five years behind bars.

American actor Sam Lexcond, another democratic, presented the accompanying legislation in the House of Representatives. However, the Trump party, the Republicans, controls both councils, and the legislation will need Republican support.

Meanwhile, Democratic Senator Richard Blumentel, a member of the Permanent Sub -Committee (PSI). He said In a statement on May 6 that the committee opens a preliminary investigation into the Trump (Trump) code, the Trump global financial platform (WLFI), and other related commercial projects.

As part of the investigation, PSI sent messages to the company behind the Trump currency, fighting fighting, and WLFI, requesting records and communications between companies and Trump.

With encryption currency plans, Trump puts a mark for sale in front of the White House. For this reason, as a member of the permanent sub -committee in the investigations, has made an investigation into this widespread corruption, which is amazing scope and scale. pic.twitter.com/3siacartn8

– Senblumenthal May 6, 2025

At the same time, Blumentel says that the sub -committee requires answers to the steps taken by companies to address the conflict of potential interests.

The main interest points set by PSI include the president’s fees on the Trump icon and its value of approximately 50 % from $ 9.40 to $ 13.65 yet. Trump Quinn announced the web On April 23, the best 220 holders of the distinguished code will be invited to a White House dinner.

Shortly after Launch on January 18Trump was its highest level ever at $ 73.43, According to To Coingecko. However, it has since lost 85 % of its value and is traded for $ 11.13.

More than half of Trump holders in profit

He bought nearly two million Trump wallets, with an additional 54,000 adding the distinctive symbol to their hide after the dinner announcement, according to the data that is shared with Cointelegraph from the Blockchain analysis company.