In 2025, the U.S. Congress proposed the "Modern Compensation and Misconduct Enforcement Act" (MEME Act), aimed at prohibiting the President, members of Congress, and their immediate family members from issuing or promoting cryptocurrencies, especially meme coins associated with political figures.

The proposal of this bill stemmed from the controversy caused by former President Donald Trump's launch of the $TRUMP meme coin. The price of this token skyrocketed in a short time, followed by a sharp decline, resulting in significant losses for many retail investors. This incident raised ethical and legal questions regarding political figures using their power and influence to engage in cryptocurrency activities.

The MEME Act aims to strengthen oversight of public officials, prevent them from using their authority to conduct cryptocurrency transactions, and enhance market transparency. Although the likelihood of the bill passing in a Republican-led Congress is low, it marks an important step for the United States in cryptocurrency regulation.