MEME Act – May 2025 Update

The MEME Act (Modern Emoluments and Malfeasance Enforcement Act) is a proposed U.S. law introduced to prohibit the President, Vice President, members of Congress, and senior federal officials — as well as their family members — from issuing, sponsoring, or endorsing cryptocurrencies such as meme coins or stablecoins.

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Key Highlights:

Introduced By:

Senator Chris Murphy (D-CT) on May 6, 2025.

Purpose:

To prevent federal officials from financially benefiting from cryptocurrency assets during their term in office.

Background:

Former President Donald Trump and Melania Trump launched meme coins $TRUMP and $MELANIA, allegedly generating over $100 million in profits.

Concerns Raised:

The $TRUMP coin included exclusive perks like White House dinners and VIP meetings, raising ethical and national security concerns.

Scope of the Law:

Applies to:

President & Vice President

Members of Congress

Cabinet-level officials

Their immediate family

Violations could result in civil or criminal penalties.

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