Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins

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CoinDesk 13h ago

Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins - CoinDesk

Quick Summary:

Democratic Senator Chris Murphy pushed a bill to block presidential coins while Elizabeth Warren described how to get Dems to move forward on stablecoins.

The Democrat's bill is unlikely to go anywhere under a Republican majority, but it represents a clear party response to Trump's activities.

"The Trump meme coin is the single most corrupt act ever committed by a president," Murphy said in a statement on Tuesday.