Senator Chris Murphy just dropped the MEME Act (Modern Emoluments and Malfeasance Enforcement Act), aiming to stop high-profile politicians from minting their own meme coins. The idea is simple: no more presidents, members of Congress, or their families launching tokens they can hype for profit .

Why does this matter? Right now, anyone with enough clout could issue a coin, spark a social-media frenzy, and line their pockets—leaving everyday investors holding the bag. The MEME Act would explicitly ban those kinds of political pump-and-dump schemes by making it illegal for officials to launch or endorse tokens that benefit them financially .

Is this going to pass? Who knows, but it’s already shining a light on the quirky overlap of politics and crypto. If it becomes law, we might finally see some clear guardrails against the wild world of memecoins. #MEMEAct