#MEMEAct

The *MEME Act* is stirring up discussions in both the political and crypto spheres. Officially named the *Modern Emoluments and Malfeasance Enforcement Act* , this proposed legislation aims to *restrict senior government officials* from promoting or issuing cryptocurrencies, including meme coins⁽¹⁾. Lawmakers argue that public officials should not financially benefit from digital assets, especially those tied to political figures⁽²⁾. The bill also includes *retroactive penalties* , targeting tokens like *$TRUMP* , which have gained traction in recent months⁽³⁾. While some see this as a necessary step for transparency, others worry it could stifle innovation. Will the MEME Act reshape the crypto landscape? 🚀📜