#MEMEAct

The Modern Emoluments and Malfeasance Enforcement (MEME) Act is a proposed legislation aimed at preventing government officials from profiting off digital assets like meme coins. Introduced by Senator Chris Murphy and Representative Sam Liccardo, the bill targets corrupt practices, such as former President Donald Trump's $TRUMP meme coin, which generated over $100 million in trading fees. The MEME Act would ¹:

- *Prohibit government officials* from issuing, sponsoring, or endorsing digital assets

- *Bar officials* from promoting or engaging in activities that benefit themselves financially from these assets

- *Impose penalties*, including criminal and civil sanctions, on violators

The bill aims to prevent pay-to-play corruption and ensure government officials prioritize public interest over personal gain ².