#MEMEAct The MEME Act, recently proposed by U.S. Senator Chris Murphy, aims to prohibit public officials from promoting cryptocurrencies like the \$TRUMP memecoin, citing potential conflicts of interest. This legislation emerges amid ethical concerns over former President Donald Trump's involvement in crypto ventures, including a \$2 billion investment from an Abu Dhabi firm into a Trump-linked crypto project on Binance. The act underscores the growing scrutiny of political figures' participation in the crypto market, highlighting the need for clear regulations to prevent self-dealing and maintain public trust.