As of May 7, 2025, the MEME Act (Modern Emoluments and Malfeasance Enforcement Act) is actively being discussed in the U.S., proposed by Congressman Sam Liccardo. The aim of this bill is to prevent officials from using their positions for personal enrichment through digital assets, particularly meme coins.
The main provisions of the MEME Act include:
• Prohibiting the President, Vice President, members of Congress, high-ranking executive officials, and their families from issuing, sponsoring, or endorsing financial assets, including meme coins.
• Expanding the provisions of the Emoluments Clause to financial markets to prevent potential insider trading and influence from foreign states.
• Introducing civil and criminal penalties for violations, including the confiscation of unlawfully obtained profits.
This bill has sparked active discussion in the crypto community. Supporters believe it will help protect investors and ensure market transparency. Critics express concerns about potential overregulation and its impact on innovation in the digital assets space.
The discussion on the MEME Act continues, and its future will depend on the outcomes of debates in Congress and public reaction.
