#MEMEAct
The U.S. Securities and Exchange Commission says meme coins are not subject to securities regulations
California Democratic Congressman Sam Liccardo told ABC News that he is working with dozens of Democratic sponsors to introduce the Modern Enforcement of Rewards and Violations (MEME) Act, which would prohibit the President, Vice President, Members of Congress, senior executives, and their spouses and dependent children from issuing, sponsoring, or endorsing any security, future, commodity, or digital asset.
