#MEMEAct The Modern Emoluments and Malfeasance Enforcement Act, or MEME Act, is a legislative proposal introduced in the U.S. Congress in early 2025. Its primary goal is to prohibit high-ranking federal officials—including the President, Vice President, Members of Congress, senior Executive Branch officials, and their immediate families—from creating, endorsing, or profiting from digital assets such as meme coins, stablecoins, and other cryptocurrencies.  

🧾 Key Provisions of the MEME Act

• Prohibited Activities: Federal officials and their families would be barred from issuing, sponsoring, or endorsing digital assets, including meme coins and stablecoins. 

• Post-Issuance Restrictions: Even after a digital asset’s issuance, officials would be prohibited from promoting or engaging in activities likely to result in personal financial gain. 

• Enforcement Measures: Violations could lead to both criminal and civil penalties. Additionally, the act proposes allowing private investors to sue for losses incurred from such ventures.

🎯 Motivation Behind the Legislation

The MEME Act was introduced in response to concerns over former President Donald Trump’s involvement in cryptocurrency ventures. Reports indicate that Trump and his family profited significantly from a meme coin contest and a stablecoin transaction with a Dubai firm. These activities have raised ethical and national security concerns, prompting lawmakers to seek stricter regulations to prevent potential conflicts of interest and exploitation of public office for personal gain.

🏛️ Legislative Status

As of now, the MEME Act has been introduced in the House of Representatives and referred to multiple committees, including Oversight and Government Reform, Judiciary, and House Administration.