Let's talk about the most serious challenge to American democracy — not about China, not about TikTok, and not even about the shortage of shorts for transgender students. It's about… meme-coins.
Democratic Congressman Sam Liccardo from California, apparently inspired by the decline in the value of his own NFT portfolio, introduced a bill in Congress called the MEME Act — 'Mitigating Emerging Meme Expressions'. Or, to put it simply: 'Let's ban fun if it makes money for someone (especially if that someone is Trump)'.
Financial disaster or just a bubble?
The bill appeared after TRUMP-coin, a cryptocurrency inspired by the US president, exploded like Nord Stream in a free market environment — reaching a market capitalization of $13 billion.
$13 billion! That's more than the GDP of Liechtenstein and probably democratic ideas in California.
But then came what liberals call a 'natural market correction,' and we call a crash. The capitalization of TRUMP collapsed, dragging down the hopes of thousands of holders.
And now guess who is to blame? Of course, it's not the market itself. It's Trump.
MEME Act — a blow to freedom (and to memes)
What does the bill propose?
• Prohibit federal officials and their families from participating in the creation, promotion, or profit from cryptocurrencies.
• Retroactive application. This means if you bought DOGE for fun 3 years ago and now you're married to a senator — sorry, you're a corrupt person.
• Punishment — both civil and criminal.
And all this under the guise of 'anti-corruption control'.
It's like being summoned to court for watching memes of Biden on TikTok.
Modest hypocrisy of politicians
Now let's reflect a bit.
If you are a Democrat from California, then:
• Releasing TikTok videos about climate? — Progressive.
• Selling NFTs with a rainbow bear? — Innovative.
• Creating a meme-coin with Trump's face? — An attack on constitutional order!
Crypto is freedom. And freedom is a threat to people who are afraid that citizens will think for themselves.
What's next? MEME police?
If the MEME Act becomes law, what will be the next step?
• Arrests for forwarding memes?
• Special SWAT unit breaking down doors for a retweet of Elon Musk-coin?
• Or perhaps the Department for Combating Satire at the Ministry of Truth?
In summary: it's not about money. It's about control.
This bill is not just about cryptocurrencies.
It's about suppressing new forms of political and economic expression.
About the fear of technologies that make it possible to fund ideas not through banks, but directly — from people to people.
And most importantly — it's about how afraid they are of Trump.
They are so afraid that they are ready to write a law so that no one else can turn his face into a coin.