US Edition
Democrats Want to Force a Vote on Trump’s Memecoin Activity - San José Spotlight
- On May 22, Democrats held a demonstration outside President Trump's Virginia golf course, where he hosted an event for around 250 individuals who had purchased large amounts of his $TRUMP memecoin.
- This event follows controversies over Trump's personal profit from cryptocurrency and the Senate's upcoming debate on the GENIUS Act, a stablecoin regulation bill.
- Democratic senators including Elizabeth Warren and Jeff Merkley plan to propose an anti-corruption amendment to block presidents from profiting off stablecoins amid concerns about Trump’s crypto involvement.
- Senator Chris Murphy announced that Democrats intend to push for a vote on a proposed amendment within the GENIUS Act that would prevent the president and other government officials from financially benefiting from stablecoins.
- The amendment faces uncertain prospects as it may complicate bipartisan support for the GENIUS Act, which aims to set clear rules for stablecoins and advance U.S. Crypto policy.
15 Articles
15 Articles
'Bad': MAGA ally breaks with Trump on 'ludicrous' new policy
President Donald Trump's efforts to push cryptocurrency as an asset for the U.S. government to hold smells rotten, Trump-favoring CNN commentator Doug Heye conceded in a CNN panel on Friday evening.This comes as Trump hosts a dinner for the top people holding a meme coin from which he personally profits — and as the Senate considers a "stablecoin" bill known as the GENIUS Act that stands to potentially benefit a crypto company partially held by …
Democrats want to force a vote on Trump’s memecoin activity - San José Spotlight
As President Donald Trump headed over to his Virginia golf course for a gala with the 250 top buyers of his $TRUMP “memecoin,” Democrats are trying to find ways to push back on the president’s incursions in the cryptocurrency market. Sen. Chris Murphy said Thursday that Democrats will demand a vote on an amendment prohibiting the president and other officials from profiting off stablecoins as part of the GENIUS Act, a cryptocurrency bill that wo…
Democrats move to ban presidential profits from crypto ventures amid USD1 stablecoin uproar
23-5-2025 – A coalition of prominent Democratic senators has mobilised to block potential presidential earnings from digital currency ventures, launching a targeted amendment to existing cryptocurrency legislation. The initiative emerges amid mounting scrutiny over possible financial...
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
