A resolution condemning the financial entanglements of President Donald J. Trump with the $TRUMP meme coin.
This resolution (SRES 245) is a symbolic Senate condemnation of President Trump's financial ties to the $TRUMP meme coin, which was launched by entities affiliated with his organization. It claims his companies own 80% of the coin (worth $10.5 billion) and that foreign entities, including a Chinese-linked firm and a Mexican shipping company, purchased it - potentially violating the Constitution’s Foreign Emoluments Clause. The resolution demands that any foreign government payments received through the coin be returned to the U.S. Treasury, though it does not create new law. As a non-binding resolution, it expresses the Senate’s view but has no legal effect on Trump’s financial activities.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 21, 2025
Last action May 21, 2025
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Full legislative history
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Total actions
2
Key actions
0
Committee
1
May 21, 2025
Senate · Referred to committee
Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3066)
May 21, 2025
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard Blumenthal
DDemocratic
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