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    1. After abruptly pulling their support from what would have been the Senate’s first stablecoin regulatory bill, Senate Democrats announced Tuesday that they would introduce a new bill that would prevent federal officials and their families from issuing digital assets – a bill directed at Donald Trump and his family’s current stablecoin and meme coin holdings.

      “Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,” said Sen. Jeff Merkley (D-OR), who introduced the bill to the Senate floor, in a press release. “This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government. Let’s end this corruption immediately.”

      Read more from Tina Nguyen: https://www.theverge.com/news/662313/meme-coin-stablecoin-genius-act-corruption-trump

    2. I guess…it’s something.  Far from actually doing anything that will do more than give Trump something to post about on X though. 

    3. Ancient_Popcorn on

      Like, wouldn’t that fall under the Emoluments Clause? Like, couldn’t Congress just enforce the actual law on the books?

    4. no_kids-and-3_money on

      I like it. It’s one step towards getting money out of politics. But it has to be part of a much more comprehensive approach including politicians barred from owning stocks, insider trading, contractor oversight and dark money out of political campaigns. And all of that would require getting your own house in order Democrats.

    5. greenbigman on

      Why are they just fucking around doing things they know will go nowhere?

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