#MEMEAct Prohibit federal officials from issuing or promoting cryptocurrency

Senator Chris Murphy and Representative Sam Liccardo have introduced the Modern Emoluments and Malfeasance Enforcement Act (MEME Act) to prohibit federal officials, including the President and members of Congress, from issuing or promoting cryptocurrencies such as meme coins and stablecoins.

This move reflects concerns about potential conflicts of interest and the exploitation of public office for personal gain from cryptocurrency projects.

#CryptoRegulation #AntiCorruption #Cryptocurrency