#MEMEAct

The Modern Rewards and Penalties Enforcement Act (MEME) is a proposed U.S. legislation aimed at addressing conflicts of interest by prohibiting federal officials and their families from issuing, sponsoring, or endorsing meme coins and other financial assets, following President Donald Trump's issuance of the meme coin TRUMP. Below are details about the status of the law, its provisions, and its effects on the cryptocurrency market.