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House Democrats propose a bill to prevent officials from profiting from digital assets. Rep. Liccardo’s MEME Act targets ethical concerns with politicians endorsing cryptocurrencies. The MEME Act includes retroactive penalties to address $TRUMP coin and similar ventures. House Democrats are setting their sights on restricting public officials from benefiting financially from digital assets. A new bill aims to prevent top government officials, including the president, from issuing or endorsing cryptocurrencies, following concerns over the recent decline of the $TRUMP meme coin. The $TRUMP cryptocurrency launched just over a month ago but has since lost significant value as early investors offloaded their holdings. Thousands of holders took heavy losses totaling billions of dollars, prompting some lawmakers to demand tighter rules to ensure officials do not misuse their positions for personal gain. California Democrat Moves to Regulate Crypto Involvement Rep. Sam Liccardo, a freshman Democrat from California, plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act. This legislation would bar high-ranking officials, such as the … The post House Democrats Take Aim at $TRUMP Meme Coin with New Legislation: MEME Act appeared first on Coin Edition.

- Rep. Bryan Steil highlighted the U.S.'s need to lead in digital assets, with bipartisan support growing for initiatives like the FIT21 Act. - Williams noted the Treasury's active role in shaping the crypto landscape, covering tax, sanctions, and more. What are your thoughts on the U.S. leading in digital assets? Share in the comments!

U.S. lawmakers to introduce MEME Act banning officials from profiting off digital assets U.S. House Democrats, led by Rep. Sam Liccardo, plan to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, prohibiting public officials and their families from issuing, endorsing or profiting from digital assets, according to Cointelegraph. Liccardo criticized Donald and Melania Trump’s memecoin ventures, calling them potential conflicts of interest. The bill, expected to be introduced on Feb. 27, aims to prevent officials from leveraging political power for financial gain

According to SolanaFloor , Oklahoma is moving forward with legislation that would see the state investing in Bitcoin and other digital assets. House Bill 1203 has passed through the Oklahoma State House Committee on a strong 12-2 vote. The bill, otherwise known as the Strategic BTC Reserve bill , allows the state treasury to invest as much as 10% of public money in Bitcoin or digital assets that have a market value of over $500 billion. The bill is now pending a full House of Representatives vote. Rep. Cody Maynard spearheaded this legislative effort, supported by crypto enthusiasts. Oklahoma has also been actively pushing Bitcoin adoption since January 9, 2025, when State Senator Dusty Deevers filed the Bitcoin Freedom Act (SB325). The legislation seeks to make Bitcoin transactions possible between state agencies, businesses, and private transactions. Deevers emphasizes that Bitcoin can be used as an inflation hedge, insulating Oklahomans’ financial security. The state’s commitment to Bitcoin is evident from past legislation. In May 2024, Oklahoma passed the Bitcoin Rights Bill (HB3594), ensuring legal protection for digital asset transactions. Residents are permitted to self-custody their digital assets under this law, which also forbids additional taxes and any state-imposed limitations on the use of Bitcoin. A more favorable climate for cryptocurrency activities is also created by protecting Bitcoin miners from needing a money transmitter license. Deevers considers Bitcoin’s decentralization a protection of money. He aligns with ex-President Donald Trump in his Bitcoin-friendly position, arguing that decentralization would protect against reckless government spending. If Oklahoma passes HB1203, the state could become a financial technology innovation national leader. Meanwhile, Bitcoin is facing critical market movements. Currently, BTC trades at 86,539 USDT, testing a crucial support zone. The 0.618 Fibonacci retracement level at 83,308 USDT presents a key demand area. A bounce from this level could drive prices back to the 92,500 USDT resistance. However, a breakdown could push BTC toward the 66,810 USDT support. The market structure indicates a retracement phase, with increased volatility. Traders are closely watching whether BTC holds above 83,308 USDT. If buying pressure builds, Bitcoin could resume its bullish momentum. Conversely, failure to maintain support may lead to further declines. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

U.S. Oklahoma House committee approves $BTC reserve bill The Oklahoma House committee has passed a bill designating Bitcoin (BTC) as a strategic reserve asset, with 12 votes in favor, according to crypto media outlet Solid Intel on X. Introduced by U.S. Rep. Cody Maynard in…