Bill > SRes245

This resolution condemns President Donald J. Trump's financial involvement with the $TRUMP meme coin, a cryptocurrency launched on January 17, 2025, by Fight Fight Fight LLC. The resolution highlights several key concerns, including that the meme coin (a type of speculative digital asset primarily driven by market demand and cultural engagement) allows potentially unscrupulous entities, including foreign governments, to financially benefit Trump. The document notes that Trump and his organizations own 80% of the 1 billion issued coins, which are currently valued at $10.5 billion, and that the coin has generated $350 million in fees. The resolution specifically criticizes a promotional "Dinner with Trump" competition that appeared to artificially inflate the coin's value, and raises concerns about potential violations of the Foreign Emoluments Clause of the U.S. Constitution. Ultimately, the resolution condemns Trump's financial entanglements with $TRUMP for potentially facilitating covert payments to the Trump family, including from foreign governments, and for essentially auctioning access to the presidency. It demands that any proceeds from foreign government purchases of $TRUMP be transferred to the U.S. government and affirms that such purchases would violate constitutional restrictions on presidential emoluments.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-resolution/245/all-info