Democratic lawmakers are taking aim at President Donald Trump’s cryptocurrency ventures, initiating both legislative action and a federal inquiry to address potential conflicts of interest. Senator Chris Murphy introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aimed at prohibiting government officials, including the president, from investing in or promoting cryptocurrencies. This legislation would also extend restrictions to their families. The bill seeks to curb profiting off political office through volatile digital assets like memecoins. Murphy’s proposal is joined by Representative Sam Liccardo, who introduced a similar version of the MEME Act in the House of Representatives. However, these bills face uncertainty as both chambers are under Republican control unless bipartisan support emerges. Meanwhile, Democratic Senator Richard Blumenthal opened an investigation into Trump’s cryptocurrency empire via the Senate Permanent Subcommittee on Investigations (PSI). The inquiry focuses on the Official Trump (TRUMP) token and Trump-affiliated platforms like World Liberty Financial (WLFI), seeking details of their interactions with the Trump Organization. The PSI sent document requests to Fight Fight Fight, the company behind TRUMP coin, and WLFI, demanding information about communications and financial arrangements related to the Trump Organization. The subcommittee is also looking for clarity on steps taken to minimize conflicts of interest. A new development in the controversy comes from Freight Technologies’ plan to establish a TRUMP coin treasury via a $20 million convertible note offering. CEO Javier Selgas touted the token as an asset diversification tool and means for supporting