Members of the US House of Representatives have prepared a law proposal to limit public authorities’ activities of digital assets. The Modern Emolments and Malfeasance Information Law, which is prepared, aims to restrict the creation and promotion of digital assets called Trump and Melania (such as).
Law proposal and purpose
The proposal includes regulations that it plans to bring to the US President, Vice President, Congress members and senior officials in the administration. The law foresees to prohibit their families from being involved in digital assets.
Political effects and discussions
The proposed law is considered as a reaction to the examples of crypto assets supported by the US President and First Lady, especially in the old period.
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Sam Liccardo, a democratic representative, made statements supporting the draft law. He pointed out that public office cannot be used for personal earnings.
Sam Liccardo: “Public duty belongs to the service of the public. Political authorities should not use their position for their personal financial interests. ”
On the other hand, a sharp decrease in the value of previously supported digital assets was observed. For example, we see that the value of Trump Coin declines significantly.
If the law proposal is applied, public officials will be prevented from acting through crypto assets for financial earnings. In this context, existing regulations and market dynamics can be re -evaluated. The proposal stands out as a step towards keeping the public interest in the forefront. Trump and his wife’s tokens with the token “Fan token to take the legitimacy of bribery” had a serious place on the agenda. Perhaps this is the truth when the last Rugpull, which is involved in the Argentine president, is also considered together.
The possible effects of the regulations of the proposed law will continue to be discussed in the future. Within the framework of the current discussions, it is aimed to limit political practices and increase transparency.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
