#MEMEAct

MEME Act: US Lawmakers Move to Ban Political Crypto-Exploitation

In a significant step to address ethical issues in the cryptocurrency space, US lawmakers have introduced the Modern Rewards and Abuses Act (MEME). This legislative initiative aims to prohibit federal officials, including the President, Vice President, members of Congress, and their immediate relatives, from creating, endorsing, or promoting digital assets such as meme coins and stablecoins.