Contact Congress about S.Res. 245: A resolution condemning the financial entanglements of President Donald J. Trump with the $TRUMP meme coin.
The resolution says President Trump should not profit from the $TRUMP meme coin, especially if foreign governments buy it. It says those purchases would break the Constitution’s foreign payment rule unless Congress approved them.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
A resolution condemning the financial entanglements of President Donald J. Trump with the $TRUMP meme coin. is a Senate bill in committee. The latest recorded action: Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3066).
Latest action on S.Res. 245: Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3066)
Who this affects: This resolution mainly affects President Trump, businesses tied to him, and anyone involved with the $TRUMP coin. It also matters for foreign governments or foreign-linked buyers who may buy the coin. More broadly, it affects future debates over how ethics rules apply when public officials are tied to digital assets.
Why this matters: This matters because a president-linked cryptocurrency could give foreign governments or private buyers a way to send money tied to the president. The resolution applies an old constitutional rule to a modern digital asset. It raises a practical question: how should ethics rules work when crypto markets can be global and hard to trace? The resolution’s impact is limited unless another branch of government takes action.
Key provisions in S.Res. 245
- This is a simple Senate resolution. It states the Senate’s view, but it does not create or change federal law.
- The resolution describes $TRUMP as a meme cryptocurrency launched by Fight Fight Fight LLC. It says the coin was marketed as support for President Trump, not as an investment.
- Trump-linked companies are described as owning most of the coin supply. The resolution says CIC Digital LLC and related business interests together own 80% of the 1,000,000,000 issued $TRUMP coins and earn trading fees.
- The resolution cites reports about large foreign-linked holders of $TRUMP. Those reports include firms connected to China and Mexico, plus a person who had faced civil charges from the Securities and Exchange Commission, the federal investor protection agency.
- The resolution says a foreign government buying $TRUMP would violate the Foreign Emoluments Clause. That is the constitutional rule against certain foreign government payments to a president unless Congress approves them.
How Modern Action helps you take action on S.Res. 245
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Questions people ask about S.Res. 245
- What is S.Res. 245?
- The resolution says President Trump should not profit from the $TRUMP meme coin, especially if foreign governments buy it. It says those purchases would break the Constitution’s foreign payment rule unless Congress approved them.
- How do I support or oppose S.Res. 245?
- Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
- Who should I contact about S.Res. 245?
- Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
- Can Modern Action explain S.Res. 245 before I act?
- Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.
