#MEMEAct Senator Murphy’s proposed "MEME Act" raises a valid concern: mixing public office with personal crypto ventures is a recipe for conflicts of interest. Politicians and their families wield influence that can unfairly pump projects and mislead the public. A clear ban would help maintain trust and prevent abuse of power—especially in a space as volatile and hype-driven as crypto. While innovation shouldn’t be stifled, accountability must come first. Crypto needs transparency, not political coin schemes. If we wouldn’t allow insider trading in stocks, why tolerate it in tokens? Safeguards are essential to protect both markets and democracy.
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