#MEMEAct citing:WASHINGTON (TNND) — Senator Chris Murphy, a Democrat from Connecticut, announced on Tuesday that he has introduced the "Modern Rewards and Enforcement of Abuse Act" or "MEME Act," aimed at federal officials who issue meme coins.

Meme coins are a form of cryptocurrency with ironic or humorous appeal due to their connection to internet memes. President Donald Trump launched his own meme coin shortly before Inauguration Day and is now offering its holders the opportunity to meet with him at a gala evening in Washington.