#MEMEAct

The "MEME Act," formally the "Modern Emoluments and Malfeasance Enforcement Act" (H.R.1712), is a proposed bill in the U.S. Congress. Introduced in February 2025, it aims to prevent government officials, including the President, Vice President, members of Congress, and senior executive officials, along with their families, from profiting from cryptocurrencies, including meme coins.

The bill seeks to expand the Emoluments Clause, arguing that profiting from political influence in financial markets should be restricted. It would prohibit these individuals from issuing, promoting, or benefiting financially from digital assets and would penalize violators by requiring them to forfeit any illicit gains, even retroactively. The Act faces legislative hurdles but sparks debate on ethical boundaries for public officials in the digital asset space.