#MEMEAct The Law on Modern Rewards and Illegal Activities (MEME), introduced in the U.S. Congress as H.R. 1712 in February 2025, aims to prohibit federal officials, including the president, vice president, members of Congress, and senior executive officials, as well as their families, from issuing, sponsoring, or promoting financial assets such as meme coins, securities, or cryptocurrencies for personal gain. The bill is sponsored by Congressman Sam Liccardo (D-CA) and targets alleged corruption, particularly the meme coin $TRUMP, which has led to significant losses for investors. It provides for criminal and civil penalties and allows for private lawsuits, but faces low chances of passage in a Republican-controlled Congress.