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Cryptocurrency News Articles

US Congress Poised to Enact Legislation Banning Politically Affiliated Cryptocurrencies

Mar 10, 2025 at 04:00 am

The U.S. Congress is poised to enact legislation prohibiting politically affiliated cryptocurrencies, a decisive measure aimed at preventing potential conflicts of interest and market manipulation associated with digital assets tied to public figures.

US Congress Poised to Enact Legislation Banning Politically Affiliated Cryptocurrencies

The U.S. Congress is set to ban key political figures and their relatives from holding any cryptocurrencies, in a decisive move spearheaded by Sam Liccardo to prevent potential conflicts of interest and market manipulation.

This follows the introduction of TRUMP and MELANIA memecoins just ahead of the president’s inauguration, which has triggered a bipartisan legislative effort to impose stricter regulations on cryptocurrencies associated with public figures.

As the prospect of these tokens dims with the impending ban, traders are adjusting their portfolios accordingly, increasingly favoring investments that hold fundamental strength and legitimacy, like Web3Bay, which has already raised $1.6 million in its presale.

This initiative, penned by Liccardo and a group of bipartisan lawmakers, aims to prohibit members of Congress, the president and vice president, and their immediate family members from holding, purchasing, selling, or trading any cryptocurrency.

The legislation also seeks to ban candidates for these offices within 60 days of an election from engaging in such activity.

This regulation is a response to the growing concern that American political figures should not be exploiting their positions for personal profit, especially in the realm of digital assets.

The proposed bill seeks to cement this principle, ensuring a clear separation between political service and cryptocurrency holdings.

The impending legislation will forbid key political figures and their relatives from engaging with any digital assets, aligning with broader governmental efforts to impose stricter regulations on cryptocurrencies associated with public figures.

This move follows the administration's request for input on how to best regulate the cryptocurrency industry, highlighting the administration's intent to integrate cryptocurrency regulations with broader financial stability and consumer protection objectives.

However, as the prospect of these tokens dims with the approaching ban, investors are distancing themselves from these volatile assets in search of more reliable alternatives like Web3Bay.

Web3Bay has captured attention with its innovative approach to e-commerce on the blockchain, allowing buyers and sellers to connect directly, slashing high fees and enhancing security—addressing critical pain points in the multi-trillion-dollar e-commerce sector.

Unlike the politically charged tokens, Web3Bay is meeting the real demands of the marketplace, positioning it as a top choice for informed investors.

The project’s structured presale strategy has fostered gradual price increases, providing early participants significant growth opportunities, evidenced by a 15% increase in token price from the last batch.

This stability and potential to withstand market fluctuations that typically impact listed cryptocurrencies is another reason why investors are pivoting to Web3Bay.

Unlike the speculative and precarious nature of the political tokens, Web3Bay offers a more secure investment environment, with its ongoing presale phases attracting keen investor interest.

Moreover, the strategic development of Web3Bay’s decentralized marketplace promises to disrupt traditional e-commerce, ensuring lasting demand and long-term appreciation of its token—far outpacing the ephemeral hype of the political tokens.

Key Insights

The legislative push to ban any cryptocurrencies for key political figures marks a significant shift towards more regulated and substantive ventures.

As fleeting assets like TRUMP and MELANIA face extinction, discerning investors are pivoting to ventures like Web3Bay that offer genuine utility and solid prospects.

Web3Bay's successful presale, robust investor engagement, and innovative e-commerce solution highlight it as one of the most compelling investment opportunities in 2025.

With $1.6 million raised and a user base on the rise, Web3Bay exemplifies how foundational strength triumphs over transient hype.

The pressing question for investors now is whether to seize the current opportunity in Web3Bay's presale before the next price surge or to miss out on what could be the standout investment of the year.

Join Web3Bay Presale Now:

Presale: https://web3bay.io/buy

Website: https://web3bay.io/

Twitter: https://x.com/web3bayofficial

Instagram: https://www.instagram.com/web3bayofficial/

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Other articles published on Mar 10, 2025