#MEMEAct

Hey folks, have you heard about the MEME Act? It’s short for the “Modern Emoluments and Malfeasance Enforcement Act,” unveiled in May 2025 by Senator Chris Murphy (D‑Conn.) and Rep. Sam Liccardo (D‑Calif.). If it becomes law, it would bar the President, members of Congress (and their immediate families) from issuing or promoting meme coins and other digital assets—basically to nip any impropriety in the bud KEYEInternational Business Times.

This crackdown was sparked by the TRUMP memecoin saga—critics warned that former President Trump’s token blurred public service with personal gain and even dangled perks like dinners and tours for top holders Cryptonews.

On top of that, the bill would grant a private right of action so anyone who gets hurt by an illicit meme coin could sue the official behind it. It still has to clear committee hurdles, but it’s already lighting up the debate on crypto ethics in DC International Business TimesCryptonews.