#MEMEAct

The Modern Emoluments and Malfeasance Enforcement (MEME) Act, introduced on May 6, 2025, by Senator Chris Murphy (D-CT) and Representative Sam Liccardo (D-CA), seeks to prohibit U.S. presidents, vice presidents, members of Congress, creating, endorsing, or promoting digital and their immediate families from assets like meme coins and stablecoins. murphy.senate.gov +6

This legislative move responds to ethical concerns surrounding former President Donald Trump's involvement in cryptocurrency ventures, including the $TRUMP meme coin and a $2 billion stablecoin deal with a Dubai-based firm. Critics argue these activities present potential conflicts of