#MEMEAct "#MEMEAct" can refer to two things in the crypto space:

1. A proposed bill in the U.S. Congress:

* Officially known as the "Modern Emoluments and Malfeasance Enforcement Act", this bill has received the unofficial name "MEME Act".

* It was introduced in the House of Representatives and aims to prevent government officials (including the president, vice president, members of Congress, and high-ranking executive branch officials, as well as their spouses and dependent children) from profiting financially from digital assets, including cryptocurrencies and meme coins.

* The purpose of this bill is to address ethical issues related to potential benefits politicians may gain from promoting or participating in cryptocurrencies.

* It seeks to "make corruption criminally punishable again" by preventing conflicts of interest.

Impact on the crypto industry (if passed):

* Reducing the influence of public officials: If passed, the MEME Act could limit the ability of public figures to significantly influence the price and perception of cryptocurrencies through endorsements or creation.