#MEMEAct

Senator Chris Murphy Proposes Legislation to Ban Politicians from Launching Meme Coin Projects

Legislative Initiative Against Politically-Linked Crypto Projects

U.S. Senator Chris Murphy has announced that he is drafting new legislation to prohibit Presidents and Members of Congress from launching or promoting meme coin projects associated with their names. This proposed bill emerges in response to a rise in cryptocurrency ventures linked to former President Donald Trump, prompting heightened concerns over the potential misuse of political influence within the digital asset space.

Concerns Over Corruption and Market Manipulation

In a recent statement, Senator Murphy described the Trump-linked meme coin initiatives as "the biggest corruption scandal in White House history." He underscored the importance of this legislative effort in safeguarding the integrity of public office and preventing elected officials from profiting—either directly or indirectly—from speculative digital markets.

Support from Fellow Lawmakers

The initiative has reportedly gained support from former San Jose Mayor and fellow Democrat Sam Liccardo, who is assisting in the bill’s development. Their joint effort signals a growing call for regulatory oversight in the intersection of politics and cryptocurrency.

Investor Caution Advised

As the crypto market remains highly volatile and speculative, individuals are strongly advised to conduct thorough research and exercise caution before investing in any digital asset.

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