U.S. Senator Chris Murphy has proposed the "MEME Act" to ban profits from political meme coins. This legislation aims to prevent potential corruption involving government officials' cryptocurrency activities.
The bill specifically targets the issuance of meme coins by presidents and Congress members, focusing on former President Trump's crypto dealings. Congressman Sam Liccardo supports Murphy's initiative.
Murphy emphasizes the need for transparency in political crypto dealings, given the anonymous nature of cryptocurrency transactions. The Act may strongly impact future regulations and ethical governance in the crypto space.
Full story here: https://coincu.com/336060-senator-murphy-meme-act-crypto
