#MEMEAct
🧑⚖️ MEME Act Targets Political Meme Coins
U.S. lawmakers have introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aiming to prohibit federal officials from issuing or promoting meme coins. Sparked by concerns over President Trump's $TRUMP coin, which surged to a $13B valuation before plummeting, the bill seeks to prevent potential conflicts of interest and financial exploitation. If enacted, the MEME Act would ban presidents, members of Congress, and senior officials from profiting off digital assets, enforcing both civil and criminal penalties. This move underscores the growing scrutiny of political involvement in the crypto space.