The American Democrats launch an unprecedented offensive against the same associated with political figures. The Californian representative Sam Liccardo is preparing the same Act, aimed at prohibiting political leaders from issuing or promoting digital assets. This initiative occurs after the spectacular collapse of the Trump and Melania tokens who have made billions to the Crypto investors lose billions.
A legislative initiative in direct response to Trump and Melania tokens
Yesterday, on February 27, the Democrats of the House of Representatives began the presentation of the same Act, a bill specifically targeting American officials and their close entourage.
Sam Liccardo, at the origin of this initiative, told ABC News that this legislation would prohibit a wide range of public officials-president, vice-president, members of the congress and senior officials-as well as their spouses and dependent children, to issue, sponsor or approve any title, merchandise or digital active ingredient, a measure which is part of the American offensive on Crypto regulation.
“Let us make corruption again criminal,” said Liccardo, stressing that American public functions belong to the public and that politicians should not use their authority for personal enrichment. This proposal, which already had a dozen democratic sponsors, also seeks to obtain bipartisan support.
The timing of this legislative initiative is not trivial, intervening in a context marked by the successive launches of the same Trump and Melania. Indeed, the new president launched his token on January 17, just before his official inauguration, followed two days later by his wife Melania Trump who issued his own same.
A market for presidential memecoins in free fall and non -existent regulation
The performance of presidential same illustrates perfectly the extreme volatility of this speculative market. Since their launch in January 2025, these tokens have undergone a spectacular collapse: Trump fell 82% compared to its historic summit, while Melania plunged 93%, according to the data de Coingecko.
These collapses represent colossal losses for investors: nearly 813,000 crypto portfolios have been impacted, with losses estimated at $ 2 billion. Meanwhile, the Trump Organization and its partners would have cashed around $ 100 million in trading costs.
Legislative action becomes all the more necessary since traditional regulators seem hesitant to intervene. Hester Peirce, director of the Cryptos Working Group at the SEC, recently said that most of the same are not the jurisdiction of his agency, suggesting that surveillance should rather come from Congress or other organizations such as the CFTC.
The same Act marks an acceleration in Crypto regulation in the United States, specifically targeting the political exploitation of the same. This initiative is part of a broader movement, the sec having created a dedicated Crypto Task Force in early February, aimed at finally clarifying the rules of the game for all players in the sector.
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