#MEMEAct

What is the MEME Act about?

The "MEME Act" in English generally refers to the Modern Emoluments and Misappropriation Act.

This law, proposed by Democrat Sam Liccardo in the United States, aims to prohibit high-ranking public officials from profiting from personal "memecoins." "Memecoins" are cryptocurrencies that often rely on internet memes and can experience significant price fluctuations driven by online sentiment.

Essentially, the MEME Act seeks to prevent potential conflicts of interest and the misuse of insider information by officials who could influence the value of these cryptocurrencies through their actions or public statements.

It is important to note that there is no specific law called the "MEME Act" in Spain related to the regulation of internet memes or their copyrights. However, in Spain, the so-called "Iceta Law" first introduced the regulation of memes within intellectual property law, protecting them under certain conditions such as "fair use" that does not infringe on copyright, such as parody.