California Democrat Rep. Sam Liccardo is proposing legislation that takes aim at President Donald Trump's meme coin.

A California Democrat plans to introduce the Modern Emoluments and Malfeasance Enforcement Act, or MEME Act, on Thursday.

Sam Liccardo, a freshman congressman who represents Silicon Valley, said he’s surprised the first piece of legislation he’s sponsoring takes aim at President Donal Trump’s meme coin.

House Democrat proposes anti-corruption bill targeting meme coins like $TRUMP, addressing financial gain and potential ...

President Donald Trump‘s TRUMP (CRYPTO: TRUMP) meme coin has become the target of new legislation proposed by House Democrats ...

His bill would also allow lawsuits from crypto speculators who lose money by investing in a meme coin sponsored by a public ...