119th Congress
Former San Jose Mayor Sam Liccardo ran on the slogan “get things done” in his campaign for the 16th Congressional seat, which represents the Los Altos area. But the Democrat is finding out that doing so is challenging with the U.S. government dominated by President Donald Trump and the Republicans.
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.
California Rep. Sam Liccardo introduced a bill Thursday that would bar Trump and other public officials from promoting stocks and cryptocurrency endeavors from which they stand to financially benefit. The legislation would open the door to civil and criminal action against those seeking to personally enrich themselves while holding public office.
California Democrat Rep. Sam Liccardo, a freshman congressman who represents Silicon Valley, said he’s surprised the first piece of legislation he’s sponsoring takes aim at President Donal Trump’s meme coin.
In the days before President Trump took office, he did what no other president had done before.
He launched a meme coin.
It’s estimated that the entities behind the $TRUMP cryptocurrency coin, including one owned by Trump, accumulated close to $100 million in trading fees in less than two weeks.
To Silicon Valley’s freshman Rep. Sam Liccardo, the president’s issuance and endorsement of a digital asset raises “glaring ethical concerns.”
On today’s episode of CNBC Crypto World, bitcoin adds to this week’s losses as it dips below $85,000. Plus, Rep. Sam Liccardo of California introduces a bill to bar top government officials from making money by issuing meme coins. And, Alice Liu of CoinMarketCap discusses the biggest drivers behind the crypto pullback.
Today, Congressman Sam Liccardo (CA-16) will introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act to halt the financial exploitation of the public by corrupt federal officeholders. After President Trump and First Lady Melania Trump made a windfall on their respective meme coins, experts sounded the alarm about the glaring ethical concerns.
The Theater is fully ADA-compliant and located at the rear of campus, next to Parking Lot 7. If the parking lot becomes full, please park in Lot 2 and be prepared to walk through campus. Please be advised, due to the size of the venue, space will be limited to 385 attendees.
