#MEMEAct

The MEME Act (short for Modern Emoluments and Malfeasance Enforcement Act) is a proposed legislation in the United States Congress, introduced by Democratic Representative Sam Liccardo in February 2025. The law aims to prevent U.S. government officials and their families from promoting meme coins or other financial assets to avoid conflicts of interest and market manipulation.

Key points:

Objectives: To prevent the President, Vice President, Members of Congress, senior executive officials, and their spouses and minor children from issuing or promoting digital assets such as meme coins.

Reason: Based on concerns about market manipulation, especially after the launch of the $TRUMP coin associated with former President Donald Trump, which experienced significant price volatility.