#MEMEAct The Law on Modern Rewards and Illegal Actions (MEME), presented in the U.S. Congress as H.R. 1712 in February 2025, aims to prohibit federal officials, including the president, vice president, members of Congress, and high-ranking executive officials, as well as their families, from issuing, sponsoring, or promoting financial assets such as meme coins, securities, or cryptocurrencies for personal gain. The bill's sponsor is Congressman Sam Liccardo (D-CA), and it targets alleged corruption, particularly related to the meme coin $TRUMP, which has resulted in significant losses for investors. It provides for criminal and civil penalties and allows for private lawsuits, but faces low chances of passage in the Congress controlled by the Republican Party.