Bill · S.Res. 245· Senate(119-SRES-245)
A resolution condemning the financial entanglements of President Donald J. Trump with the $TRUMP meme coin.
- Introduced
- 5/21/2025
- Last activity
- 5/21/2025 — Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3066)
- Sponsored by
- Richard Blumenthal
- Cosponsors
- None
- Introduced
- In Committee
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution seeks to condemn President Donald J. Trump's financial connections to the "$TRUMP" meme coin. The text alleges that the President promoted this cryptocurrency, which saw extreme price fluctuations and steep losses for investors. It highlights concerns regarding potential payoffs from foreign entities and individuals facing legal issues. The resolution specifically points to a "pay-to-play" scheme involving competitions for access to the President. Finally, it asserts that foreign purchases of the coin violate the Foreign Emoluments Clause of the Constitution.
Yes
Does this make what the government does easier for the public to see?+8
The resolution addresses potential corruption and seeks to enforce the Foreign Emoluments Clause to ensure transparency.
Does this make the government pay for what it commits to?+5
The resolution seeks to recover funds from foreign entities to the U.S. Government, which promotes fiscal integrity.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of Public Trust: The resolution aims to address issues that undermine the integrity of public office and the public trust.
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Recovery of Funds: The resolution demands the transfer of any proceeds from foreign government purchases of the $TRUMP coin to the United States Government.
Potential Negative Impacts for People
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Investor Losses: Hundreds of thousands of investors experienced steep losses as the value of the $TRUMP coin declined significantly from its peak.
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Potential for Foreign Influence: The text notes that the cryptocurrency allows anyone, including foreign governments and unscrupulous individuals, to potentially enrich the President, which could influence policy such as United States tariffs.
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Pay-to-Play Access: The resolution describes a scheme where access to the Presidency was offered through competitions, such as a dinner or a White House tour, in exchange for holding the cryptocurrency.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+8
- Economy And Finance
- Improves Fiscal Responsibility+5
- 5/21/2025
- Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3066)
- Introduced in Senate