The #MEMEAct Or Modern Emoluments and Malfeasance Enforcement Act, introduced by Representative Sam Liccardo on February 27, 2025, aims to curb ethical breaches in crypto. It prohibits U.S. officials, including the president, vice president, and Congress members, from issuing, sponsoring, or endorsing digital assets like meme coins. The bill addresses risks of financial impropriety, particularly after high-profile cases like Trump’s $TRUMP memecoin dinner. With a 4% chance of passing the committee, per GovTrack, the MEME Act sparks debate—some crypto leaders support transparency, but others fear it could stifle innovation in the meme coin sector.
It might intrigue you as it targets meme coins, tying back to your interest in TRUMP’s surge. Its low passage odds could make you sceptical of its impact, though.