#MEMEAct MEME Act – Summary

Full Name:

Modern Emoluments and Malfeasance Enforcement Act 🏛️

Purpose:

To stop federal officials and their families from using their power to profit through digital assets like meme coins and NFTs 💰🚫

Key Provisions:

Bans creation, promotion, or profit from meme coins, NFTs, and crypto by officials and their families ❌🪙

Prevents conflicts of interest to protect public trust ⚖️🤝

Triggered by ethical concerns over Trump’s $TRUMP meme coin 📉💬

Introduced:

2025, in the U.S. Congress 📅

Target Group:

President, Vice President, Congress members, top officials, and their immediate families 🧑‍⚖️👨‍👩‍👧‍👦