#ILOVE$TRUMP

has been a wild ride for the TRUMP token since its debut in January, briefly rising to billions in market capitalization amid endorsements from President Trump himself. Before plummeting 75% amid a broader market upheaval, and is provoking a negative political reaction from House Democrats, who are seeking to curb officials' involvement in such meme coins through proposed legislation.

House Democrats, led by REP Sam Liccardo, have introduced the MEME Act, which aims to prohibit federal officials and their families from profiting from meme coins.