#MEMEAct #MEMEAct

WASHINGTON (TNND) — Senator Chris Murphy, a Democrat from Connecticut, announced on Tuesday that he had introduced the "Modern Emoluments and Misappropriation Enforcement Act," or "MEME Act," aimed at federal officials who issue meme coins.

Meme coins are a form of cryptocurrency with an ironic or humorous appeal due to their connection with internet memes. President Donald Trump launched his own meme coin shortly before his inauguration and now offers its holders the opportunity to meet him at a gala in Washington D.C.