#MEMEAct The "Modern Enforcement of Privileges and Offenses Act" (MEME Act) is a U.S. legislative initiative aimed at preventing federal officials from financially benefiting from digital assets, such as cryptocurrencies and meme-based currencies. This bill was introduced in February 2025 by Democratic Congressman Sam Liccardo, in response to the launch by former President Donald Trump and his wife Melania of the TRUMP and MELANIA tokens, which experienced severe volatility and led to significant losses for investors.

Key features of the bill:

- *Prohibition on participation in digital assets*: The bill prohibits the President, Vice President, members of Congress, senior executives, and their immediate family members from issuing, promoting, or financially benefiting from digital assets, including cryptocurrencies and meme-based currencies.

- *Retroactive application*: The bill includes provisions that apply retroactively, meaning that officials who benefited from cryptocurrency projects before the law was enacted may face legal consequences.