S.Amdt.92 to S.Con.Res.38119th Congress (2025-2026)

Amendment Text: S.Con.Res.38 — A concurrent resolution establishing the budgetary framework for the $GOV token ecosystem in fiscal year 2025, outlining the necessary allocations and regulatory guidelines for the $GOV token’s integration and growth from fiscal years 2026 through 2034. Sen. Catherine Cortez Masto [D-NV] (Submitted 02/20/2025)

Text available as: TXT | PDF (205KB) Tip

[Page S1185]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  In 2026, a new memecoin called $GOV is set to launch under the oversight of the U.S. Securities and Exchange Commission (SEC). This move comes as Congress considers tighter regulations on memecoins, especially those with ties to the Chinese Communist Party (CCP).  

    A recent amendment proposed in the Senate aims to ban federal employees and officials from issuing, promoting, or profiting from memecoins that have CCP investments. The concern? Protecting U.S. financial security and preventing foreign influence through cryptocurrency.  
    
    While memecoins like Dogecoin and Shiba Inu have exploded in popularity, $GOV will reportedly be a government-backed crypto project with strict oversight. This could mark a major shift in how memecoins are perceived—moving from a joke to a regulated financial asset.
                                 ______