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Trump’s Memecoin Gambit Sparks Senate Fury—New Bill Aims to Ban Politician-Themed Crypto

Trump’s Memecoin Gambit Sparks Senate Fury—New Bill Aims to Ban Politician-Themed Crypto

Author:
CoindeskEN
Published:
2025-05-06 14:30:13
15
2

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

Washington’s crypto clash escalates as lawmakers move to block presidential-themed tokens. Trump’s recent embrace of digital assets—including a rumored self-branded memecoin—has Senate allies fuming. The backlash cuts straight to DC’s growing crypto divide.

Behind the scenes: Bipartisan bill drafted overnight would ban all elected officials from launching or promoting cryptocurrencies. Critics call it a knee-jerk reaction; crypto lobbyists whisper about ’killing innovation to score political points.’

Meanwhile, traders shrug and keep chasing the next pump—because nothing fuels speculative mania like mixing politics with unregulated financial instruments.

|Square

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