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Condemning President Trump's Financial Ties to $TRUMP Meme Coin

The U.S. Senate condemns former President Donald Trump's financial ties to the $TRUMP cryptocurrency, citing potential ethical and constitutional violations. The resolution highlights that such actions could lead to covert payments and the auctioning of access to the presidency, undermining public trust. Citizens should be aware that these types of entanglements can affect the transparency and integrity of government.
Key points
The Senate condemns President Trump's financial entanglements with the $TRUMP meme coin, viewing it as facilitating covert payments and potential investments from foreign governments.
The resolution affirms that any purchase of $TRUMP by a foreign government violates the constitutional Foreign Emoluments Clause, as no congressional consent was sought.
The Senate demands the transfer of any proceeds from foreign government purchases of $TRUMP, received by President Trump in violation of the Constitution, to the U.S. Government.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_SRES_245
Sponsor: Sen. Blumenthal, Richard [D-CT]
Process start date: 2025-05-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A resolution condemning the financial entanglements of President Donald J. Trump with the $TRUMP meme coin.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_SRES_245.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-21.

What are the main provisions?

Key points include:

  • The Senate condemns President Trump's financial entanglements with the $TRUMP meme coin, viewing it as facilitating covert payments and potential investments from foreign governments.
  • The resolution affirms that any purchase of $TRUMP by a foreign government violates the constitutional Foreign Emoluments Clause, as no congressional consent was sought.
  • The Senate demands the transfer of any proceeds from foreign government purchases of $TRUMP, received by President Trump in violation of the Constitution, to the U.S. Government.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Blumenthal, Richard [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Economy