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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
US Democrat lawmakers are intensifying scrutiny over Donald Trump’s crypto ventures, introducing two bills and a subcommittee inquiry. The proposed MEME Act seeks to block federal officials from profiting off memecoins and other digital assets.
- Two million wallets bought Trump’s memecoin, with 33% losing money.
- The MEME Act would ban federal officials from profiting off crypto assets.
- Democrats are pursuing a multi-pronged approach, including bills and a subcommittee inquiry.
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