#MEMEAct

Trump’s name-backed crypto, $TRUMP, is causing a political uproar. Senator Chris Murphy introduced the MEME Act, aiming to ban politicians from promoting coins tied to their identity—citing conflict of interest concerns.

Even some Republicans are uneasy, as Trump pushes pro-crypto policies while potentially profiting. Senate Democrats have now paused other crypto bills, citing ethics and national security worries.

Markets React:

Bitcoin down 1.2%

$MEME up 18%