US Democrats are actively developing measures to regulate profits from cryptocurrency projects, especially in the context of the activities of famous personalities. In particular, two bills have appeared and an investigation has been initiated aimed at limiting income from memecoins – cryptocurrencies based on Internet memes.
Meme Law: What Does It Mean?
The new bill, known as the “Meme Law”, is aimed at prohibiting federal officials from using their official position to profit from memecoins. Violators face serious fines of up to $250,000 and even criminal penalties.
Subcommittee Investigation: What’s Going On?
Senator Richard Blumenthal has launched a preliminary investigation into the TRUMP token and related projects. The subcommittee has requested records and communications between the companies and the Trump organization. The investigation concerns fees for the TRUMP token and the sharp rise in its value after the announcement.
TRUMP Token Holders Data
Interesting facts about TRUMP token holders have been revealed. About two million wallets bought the token, but a third of them lost money. At the same time, 58 investors made a profit of more than $10 million each. The creator of the memecoin earned $320 million.
Logistics Firm Plans
Logistics company Freight Technologies plans to issue a TRUMP coin treasury worth $20 million. Freight Technologies CEO sees tokens as a way to diversify the cryptocurrency treasury and support trade between Mexico and the United States.
These developments highlight growing concerns about the use of cryptocurrencies for personal gain and the need for regulation in this area.
