The MEME Act is a new law proposed by Senator Chris Murphy of the United States. The purpose of this law is to prevent the President or members of Congress from creating or influencing the economy through speeches or actions that have a broad market impact – particularly in the meme stocks or meme coins markets.

What is the "Meme Act" in simple terms?

"Meme" refers to cryptocurrencies that are widely discussed on the internet, especially on social media (e.g., Dogecoin, GameStop, PEPE coin, etc.).

"Act" is a law.

So, the MEME Act is a law aimed at preventing political leaders from intentionally or unofficially changing market values through speech or tweets.

A simple example:

If a President or Senator tweets "Dogecoin to the moon" and it causes the price of DOGE to rise — this new law would prohibit that action.

Objective:

To prevent high-ranking officials from directly or indirectly affecting people's investments by using meme culture.

To protect the market from being manipulated for political purposes.