Congressman Sam Liccardo has proposed legislation aimed at preventing public officials, including Donald Trump, from promoting stocks and cryptocurrencies that could financially benefit them. This move comes in response to Trump’s promotion of a meme cryptocurrency, which resulted in a massive loss for investors totaling over $2 billion. Liccardo's bill could lead to civil and criminal action against officials who seek personal enrichment through such promotions, highlighting concerns over ethical standards for public representatives, despite the likelihood of the bill facing obstruction in Congress.
I think everyone scratched their head when President Trump started this pump and dump scheme, asking the question, 'Why isn't that prohibited?' So let's make sure, at the very least, it doesn't happen again.
Less than three days before Trump took the oath of office for the second time, he put out a call to supporters on social media: 'GET YOUR $TRUMP NOW.' In the hours that followed, Trump's meme cryptocurrency coin exploded in value - before cratering and causing investors to collectively lose over $2 billion in value.
Collection
[
|
...
]