📰 News Alert...

🔖 Title: Democrats Launch a Multi-Faceted Approach to Curb Trump's Crypto Profits

🗓️ Published: 2025-05-07T08:01:04+03:00

📄 Summary: In a significant political maneuver, U.S. Democratic lawmakers are taking aim at President Donald Trump's cryptocurrency ventures through a combination of two bills and a subcommittee inquiry. The proposed Modern Emoluments and Malfeasance Enforcement Act, or MEME Act, seeks to restrict federal officials from profiting from cryptocurrencies, including memecoins. If enacted, the MEME Act could impose hefty penalties on violators, including substantial fines and potential imprisonment. Concurrently, a subcommittee inquiry is being launched to investigate Trump's involvement with the Official Trump token and associated business activities, further highlighting the ongoing scrutiny of his financial dealings in the crypto space.

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