#MEMEAct Senator Chris Murphy's proposal of the "MEME Act" aimed at preventing politicians and their families from issuing or promoting cryptocurrencies has sparked significant controversy. This proposal arises from concerns about conflicts of interest and the potential abuse of power for personal gain, especially following the emergence of "Trump Coin". However, this issue needs to be examined from multiple perspectives.

On one hand, banning politicians from participating in the cryptocurrency market could help mitigate the risk of market manipulation and protect the public from opaque projects. Politicians hold significant influence, and their promotion of a cryptocurrency could lead many to invest blindly, resulting in financial harm.