🚨 U.S. Senator Proposes "MEME Act" to Ban Politician-Linked Crypto Coins
📌 Breaking News
Bill Title: “MEME Act”, introduced by Senator Chris Murphy
Main Goal: Ban U.S. presidents and members of Congress from being associated with or launching meme coins (e.g., Trump Coin)
Claim: Described as the "biggest corruption scandal tied to the White House."
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💡 Why It Matters
✅ Market Reaction: Trump Coin has dropped -30%, now trading at $8.50
⚠️ Wider Risk: Could affect celebrity-linked meme coins too (e.g., BODEN, PEW)
🔍 What to Watch: Crypto political action committees (PACs) are already lobbying against the proposed bill
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📊 Trading Strategy
Avoid Trump Coin: Sell any price spikes; a full ban could be coming
Stick with Safe Assets: BTC and ETH remain solid, less exposed to this kind of regulation
Short-Term Warning: Stay away from political or celebrity meme coins for now
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📢 Community Reactions
> “First it’s Trump Coin, next they’ll ban DeFi too!” – @CryptoAnon
“Meme coins just distract from the real innovation in crypto.” – @BitcoinMaxi
