His bill would also allow lawsuits from crypto speculators who lose money by investing in a meme coin sponsored by a public official. Some 800,000 retail investors lost at least $2 billion when early insider investors quickly sold their $TRUMP coin after its issuance, according to a press release from Liccardo’s office.

PRESIDENT DONALD TRUMP made tens of billions on paper by using his national profile to push meme cryptocurrency. One Democratic congressman wants to make sure other politicians can’t do the same. Silicon Valley Congressman Sam Liccardo introduced a bill Thursday that would bar Trump and other public officials from promoting stocks and cryptocurrency endeavors from

Former San Jose Mayor Sam Liccardo and Santa Clara County ... Across the 16th Congressional District, which makes up much of Silicon Valley, Liccardo had 21.8% of the votes as of 6:30 p.m. on ...

California Democrat Rep. Sam Liccardo is proposing legislation that takes aim at President Donald Trump's meme coin.