BlockBeats news, on May 7, U.S. Senator Chris Murphy posted on platform X stating that he would propose the (MEME Act) to prohibit the President or members of Congress from issuing Meme coins. Murphy said, "TrumpCoin is the biggest corruption scandal in the history of the White House," and expressed that he would work with Congressman Sam Liccardo to promote legislation to curb such behavior.
U.S. Senator Proposes MEME Act to Ban President and Members of Congress from Issuing Meme Coins
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