The bill proposed by the Democrats in the House of Representatives in late February 2025 is a proposed law aimed at preventing senior federal officials, including the president, vice president, members of Congress, senior executive officials, and their spouses and dependent children, from issuing, sponsoring, or endorsing securities, futures contracts, commodities, or digital assets, such as memecoins like $TRUMP. The acronym is said to stand for curbing the misconduct of elected officials and their enrichment. The legislation seeks to protect the public from potential corruption, extortion, or bribery by preventing officials from financially benefiting from promoting or creating these assets. It includes criminal and civil penalties for violations.