#MEMEAct #MEMEAct

The "Modern Enforcement of Privileges and Violations Act" (MEME Act) is an American legislative initiative aimed at preventing federal officials from gaining financial benefits from digital assets, such as cryptocurrencies and meme-based currencies. This bill was introduced in February 2025 by Democratic Representative Sam Licardo, in response to the former President Donald Trump and his wife Melania launching the TRUMP and MELANIA coins, which experienced sharp 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.

And its potential impact on public integrity. $BNB

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