“No More Political Pumps: The MEME Act Draws the Line”
Senator Chris Murphy just shook the crypto space by dropping the MEME Act—a bill that aims to slam the door on politicians and their families from launching, promoting, or profiting from assets like cryptocurrencies and memecoins. This move clearly targets the rising wave of political coins, especially controversial ones like $TRUMP. And to be honest, it’s long overdue. Politicians playing both sides—writing the rules while cashing in—has always been unscrupulous. Cutting off that pipeline is a step in the right direction to clean up the industry and protect retail investors from influence-driven hype.
This legislation is a bold message: crypto isn’t the Wild West anymore, and those in power won’t be allowed to treat it like their personal goldmine.