#TrumpCrypto Power Play Sparks Senate Uproar — New Bill Aims to Ban “President Memecoins”
Former President Donald Trump’s open support for cryptocurrency has lit a political firestorm in Washington. As Trump flirts with digital assets — and even memes his way into crypto — some Democratic lawmakers are pushing back, hard.
Senator Chris Murphy has introduced a bold new bill that would ban sitting presidents from launching or endorsing memecoins or any kind of political crypto projects. "We can’t allow the presidency to be turned into a crypto brand," Murphy said. "It’s a dangerous abuse of influence."
At the same time, Senator Elizabeth Warren is rallying Democrats around tighter crypto regulation, especially targeting stablecoins. She emphasized that the key to moving forward is party unity and strong guardrails. “We need accountability before innovation turns into manipulation,” she stated.
This isn't just about crypto — it’s shaping up to be a new front in the 2024 election war. #TrumpCrypto stance has energized his base, but it’s also triggered a fierce response from the left.
Is America headed for a future where presidential campaigns run on blockchain? Or will Congress pull the plug before it gets that far?