The Democratic Party representative in the United States will propose a bill to prohibit public officials from issuing Meme coins
According to ABC News as cited by Cointelegraph, Democratic Representative Sam Liccardo from California is preparing to propose the "Modern Conflict of Interest and Dereliction of Duty Enforcement Act" (MEME Act), which will prohibit public officials from profiting from digital assets. The bill bans a wide range of public officials and their associates from issuing, sponsoring, and endorsing any securities, commodities or digital assets. This applies to presidents, vice presidents, congressmen, senior administrative officials and their spouses and dependents. Liccardo stated that the bill already has support from dozens of Democratic members who are working hard to gain bipartisan support.
Liccardo pointed out that the Trump family's issuance of meme coins economically exploits the public for personal gain and raises concerns about insider trading and foreign influence on administrative departments. The bill is expected to be formally proposed on February 27th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
USD hits 6.7100 against offshore RMB, onshore RMB reported at 6.7050
The US dollar has just touched the 6.7100 yuan mark against the offshore renminbi, currently quoted at 6.7100 yuan, up 0.07% on the day; against the onshore renminbi, the latest quote is 6.7050 yuan, down 0.05% on the day.
The ultra-deep oil and gas production in China's desert oil fields has exceeded 26 million tons.
Today (October 5), news from China National Petroleum Corporation revealed that the country’s largest desert oilfield, the Had-Fuman oilfield, has produced over 26 million tons of oil and gas from beneath 6,000 meters. Recently, the Zhentan-1 well, located on the northern edge of the Taklamakan Desert, successfully extracted rock cores from a depth of 8,080 meters underground. These rock cores have been buried underground for about 500 million years. This is also the first time China has extracted rock cores from a depth of over 8,000 meters on the northwestern edge of the Tarim Basin. (CCTV News)
Schneider Electric expands its software portfolio! Plans to spend over $20 billion to acquire American engineering software developer PTC (PTC.US)
According to Golden Ten Data, Schneider Electric is reportedly nearing a deal to acquire U.S. engineering software developer PTC (PTC.US) for over 20 billions USD, according to a source familiar with the matter. The source stated that the deal could be announced as early as Monday morning, but negotiations between the two companies are ongoing and there is no guarantee that a final agreement will be reached.
US crude oil short-term trading recommendation: cautiously go short when prices are high, and cautiously go long when prices are low.
1. Analysis: Middle Eastern crude oil shipments have returned to near pre-conflict levels. Saudi Arabia’s east-west pipeline has recovered half of its capacity, and the US plans to release 40 millions barrels from its strategic reserves, significantly easing supply concerns. However, the stalemate in US-Iran negotiations remains unresolved, and geopolitical risk premiums may continue to be volatile. EIA data show an unexpected increase of 922,000 barrels in crude inventories, but distillate inventories fell sharply by 2.25 millions barrels and are about 14% below the five-year average, indicating structural divergence of “crude oil surplus and fuel shortage.” Oil prices are consolidating around the $90 pivot, and may continue to fluctuate within a range in the short term. 2. Focus: Middle East geopolitical matters, OPEC+ statements, G7 reserve releases, and inventory changes. 3. Resistance: 92.02; 93.67; 96.54. 4. Support: 88.12; 87.30; 85.12.
Crypto prices
More
