#MEMEAct (Modern Emoluments and Malfeasance Enforcement Act) is a proposed U.S. bill aimed at preventing public officials and their families from creating, promoting, or profiting from meme-based cryptocurrencies. Introduced by Representative Sam Liccardo and supported by Senator Chris Murphy, the legislation responds to concerns over political figures launching tokens like $TRUMP and $MELANIA .BitDegree+1WICS+1The US Sun+3FXStreet+3Financial Times+3

The bill seeks to address ethical and legal issues surrounding political involvement in unregulated digital assets, emphasizing the need for transparency and accountability. While the MEME Act faces challenges in passing, it highlights the growing scrutiny of political figures' participation in the cryptocurrency space and may influence future regulatory approaches.