The Modern Compensation and Misconduct Enforcement Act proposed by U.S. Senator Chris Murphy aims to prohibit political elites and their families from participating in the issuance, promotion, and profit-making of cryptocurrencies and meme coins. This bill directly addresses the risks of political figures manipulating the crypto market using their influence, but its rationality and feasibility of execution have sparked widespread controversy. Politicians hold the power to make policy, and if they also engage in crypto asset operations, they could profit through insider information or policy bias. Public endorsements from political figures may mislead retail investors, creating irrational speculation driven by a 'celebrity effect' and exacerbating market volatility. Privacy coins with strong anonymity or decentralized protocols could become hidden channels for political donations. Politicians could bypass traditional financial regulatory transparency requirements by having family members hold crypto assets or issue meme coins, forming a gray利益 chain. If politicians can freely participate in the crypto market, it will weaken the credibility of institutions like the SEC and CFTC, intensifying the ethical dilemma of 'regulators being regulated.' Political speculative behavior could stigmatize cryptocurrencies and hinder mainstream institutional entry.