#MEMEAct The Democrats are preparing to introduce a bill that would prohibit U.S. officials from profiting from crypto-assets, amid the controversy surrounding the meme coins TRUMP and MELANIA.

Its title is the Modern Emoluments and Malfeasance Enforcement (MEME) Act.

The author of the initiative has called for the restoration of criminal liability for senior officials and their families for involvement in financial schemes involving crypto-assets.

California State Representative from the Democratic Party Sam Liccardo is preparing to submit a bill to prohibit senior officials in the country and their families from profiting from digital assets. This was reported by ABC News.

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