Shocking New Bill Aims to Curb Politicians’ Meme Coin Shenanigans! 😱

by

It is with no small measure of astonishment that one learns of the House Democrats’ intention to unveil the Modern Emoluments and Malfeasance Enforcement (MEME) Act, a legislative endeavor aimed squarely at the rather dubious meme coins, such as those whimsically named TRUMP and MELANIA. This proposed act seeks to place a firm prohibition upon politicians and their esteemed families from engaging in the creation or promotion of such frivolous digital currencies.

Democrats To Introduce MEME Act To Oppose Political Meme Coins

As reported by the ever-reliable ABC News, the honourable Democrat Representative Sam Liccardo is poised to present the MEME Act, which would prevent the highest echelons of our government, along with their nearest and dearest, from indulging in the creation and subsequent profiting of personal meme coins. The bill, in its wisdom, would extend its prohibitions to include the president, vice president, members of Congress, senior officials of the executive branch, their spouses, and even their dependent offspring, thus ensuring that no one is left unscathed by this noble pursuit of integrity.

This proposed legislation stands in stark opposition to the political meme coins, such as TRUMP and MELANIA, which were so enthusiastically endorsed by none other than President Donald Trump and First Lady Melania Trump, just prior to the grand spectacle of his inauguration earlier this year. Mr. Liccardo has expressed his belief that the presidential couple has, in fact, profited handsomely from their respective meme coins, thereby enriching those who had the foresight to invest early.

Yet, the Congressman is firm in his conviction that such actions by government officials are decidedly improper. He has eloquently stated that public offices are the rightful property of the public, rather than the officeholders themselves, and thus, these individuals ought not to exploit their political stature for personal financial gain. He further remarked that the issuance of meme coins by Mr. Trump constitutes a financial exploitation of the public, raising alarming questions regarding insider trading and undue influence upon the executive branch.

Despite its continued status as one of the leading meme coins, the official Trump coin has experienced a rather unfortunate decline in value. It currently trades at a mere $12, having plummeted over 80% from its once lofty all-time high of $75. One might say it has taken a rather unfortunate tumble, akin to a lady tripping over her own petticoats at a ball. 😅

DOJ Allegedly Opens Probe Into Another Political Meme Coin

In the midst of the anticipated introduction of the MEME Act, it appears that the US Department of Justice is allegedly investigating the Libra meme coin, a political currency that has been rather enthusiastically promoted by Argentina’s President Javier Milei on his X platform. One cannot help but wonder if this is merely a case of too many cooks spoiling the broth—or in this case, too many politicians spoiling the coin.

According to local media reports, an Argentine law firm has taken the initiative to file a complaint with US authorities. The DOJ’s inquiry will delve into potential economic crimes, including fraud and market manipulation. There are also whispers of insider trading, with early investors reportedly having amassed over $100 million from this rather dubious coin.

As CoinGape has reported, the Libra token has turned out to be nothing short of a scam, crashing over 90% following a rather audacious rug pull by the team, who absconded with over $80 million from the token’s liquidity pool. Interestingly, it is believed that the very same team behind the Libra token may also be the architects of the MELANIA meme coin. One can only hope that they do not take their talents to the theatre, for the drama they have created is quite enough for one season! 🎭

Read More

2025-02-27 20:05