The bill initiated by California Democratic Congressman Sam Liccardo on February 27 has more than a dozen Democratic co-sponsors. Its main content is to prohibit the president, members of Congress, and other senior officials, as well as their spouses and children, from issuing or sponsoring securities, commodities, and meme coins such as cryptocurrencies. Violators will face criminal and civil penalties. In addition, the bill also requires Trump to hand over all profits he has made from selling meme coins. Old Bao is going to do something tomorrow morning, shorting Ethereum, let's go, everyone! There is definitely going to be a big correction.