Ritchie Torres Unleashes New Bill to Crush Political Meme Coins and Stablecoins!

Hang onto your digital wallets, folks! Representative Ritchie Torres is about to drop the hammer on meme coins and stablecoins that cash in on U.S. political figures' fame. He's crafting a bill that'll make your head spin!

Get this: the "Stop Presidential Profiteering from Digital Assets Act" is Torres' bold move to slam the brakes on what he calls a rampant "digital asset profiteering" frenzy. He's not messing around with those who exploit big-name public officials!

Brace yourselves, because if this bill passes, it'll be illegal to mint, hype, or hawk any digital asset that uses the name, image, or likeness of a "covered individual" if it lines their pockets—even indirectly. Torres is drawing the line in the sand!

🚨BREAKING from Rep. Ritchie Torres (D-NY)—he's launching a bill that'll stop federal bigwigs and their families from raking in crypto cash from meme coins and stablecoins. It's on!

Who's on the chopping block? The President, Vice President, Congress members, Senate-confirmed federal officials, and their immediate family members. No one's immune!

Meme Coin Madness

Torres' bill is a direct shot at the wild world of meme coins named after political heavyweights—from Donald Trump to Joe Biden—that have been setting the crypto scene ablaze. It's time to cool things down!

And check this out: Senator Jon Ossoff's calling for Trump's head over a hush-hush dinner planned for the big shots holding Trump's personal memecoin. He's slamming it as a shady move to sell access to the presidency!

Ossoff's not pulling any punches, saying that offering exclusive perks to major investors is straight-up selling access to power. The heat's on, and the crypto world's feeling the burn!