Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins

President Donald Trump's personal involvement in crypto has inspired a vigorous Democratic response in the Senate, including a new bill from Senator Chris Murphy to ban presidents and their families from dabbling in memecoins or issuing other financial assets.As the Connecticut lawmaker was introducing the Modern Emoluments and Malfeasance Enforcement (MEME) Act overnight, fellow Democrat Elizabeth Warren was fresh from a Senate floor speech on Monday evening in which she outlined what would get senators from her party to return to the table on stablecoin legislation. In just a few short days, Democrats have mounted a resistance to the U.S source: https://www.coindesk.com/policy/2025/05/06/trump-s-crypto-play-fuels-senators-backlash-and-bill-to-ban-president-memecoins