#MEMEAct Lei MEME, presented by the Democrats in the House in February 2025, aims to prohibit high-ranking federal officials, including the President, the Vice President, members of Congress, senior executive branch officials, and their spouses or dependent children, from issuing, sponsoring, or endorsing securities, commodities, or digital assets such as memecoins (e.g., $TRUMP). The bill, led by Representative Sam Liccardo, seeks to prevent corruption, bribery, or extortion through financial instruments, with criminal and civil penalties for violations.