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šļø Legislative Strike: Senator Chris Murphy (D-CT) has dropped the bombshell MEME Act, aiming to ban President $TRUMP pāand other senior officialsāfrom promoting āpresidential coinsā like the controversial $TRUMP token, calling it a blatant conflict of interest.
šÆ Ethics Eruption: Critics slam Trumpās dual roleāchampioning crypto deregulation while financially tied to his own memecoināas a dangerous blend of policy and profit, raising red flags over ācrypto corruption.ā
āļø Bipartisan Shockwaves: Even some Republicans are quietly alarmed, fearing that a sitting president cashing in on crypto could shatter public trust and destabilize bipartisan regulatory efforts.
š„ Crypto Gridlock: The drama is jamming up broader crypto legislationāSenate Dems are now pulling support for the stablecoin framework, citing national security and AML gaps tied to $TRUMP
-linked foreign investments.
š£ļø Warrenās Warning: Senator Elizabeth Warren is leading the push for balanced, enforceable crypto rulesāinsisting that smart regulation, not blanket bans, is key to protecting consumers while allowing innovation to thrive.
š¤Æ Market Jitters: The headlines hit hardāBitcoin slid 1.2%, while memecoin trading exploded by 18% as traders dove headfirst into the chaos.
š® Whatās Next: Expect hearings to resume under heightened scrutiny, with new amendments likely to reinforce ethical firewalls between public office and private crypto ventures. Will the MEME Act pass? Stay tuned.
š¬ Your Take: Should sitting presidents be banned from launching or promoting tokens? Sound off in the comments!
š REPOST to keep the heat onācrypto regulation ju
st got political.
