House Democrats Unleash Fury on Trump’s Crypto Cash Grab

After taking the hot seat in the White House, President Donald Trump has been quite active in several aspects. While everything he’s done as of now is quite noteworthy, his aim to “revive” the crypto market is still the most-talked-about subject in the country. While his supporters in Capitol Hill are quite proud of his effort, House Democrats haven’t been any of that yet. Instead, they’ve taken a rather critical aim at the $Trump meme coin. 

Source: X 

Launched on March 18^th, 2025 – Trump meme coin reached its highest high during the first week. However, as the hype surrounding it died down eventually, the coin’s price tanked massively in the recent days. Members of Congress have also pointed out that a sheer number of people have taken hard hits and lost billions in cash, as $TRUMP’s value vanished quickly. 

A California-based freshman Democrat, Sam Liccardo, has said that he’ll introduce new legislation to prevent the top officials of the country – and their families – from capitalizing on meme coins. This would be applicable for both the members of the White House and Congress.  

Liccardo also believes that President Donald Trump and his wife, Melania Trump, have cashed in on their personal meme coins out of personal interest. However, now that the price of these coins has taken a slump, they are not making any attempt to make any amends for it. 

Source: X 

Liccardo, in the heat of the moment, has also claimed that he wants his country to consider corruption of any form as a criminal activity.  

According to him, Trump’s issuance of crypto coins has financially exploited many people in the country for personal gain. So, he aims to put an end to it. Liccardo already has twelve cosponsors for introducing the said legislation on Thursday.