#MEMEAct

The MEME Act—short for Modern Emoluments and Malfeasance Enforcement Act—is a proposed U.S. legislation introduced by Congressman Sam Liccardo in February 2025. This bill aims to prohibit federal officials, including the President, Vice President, members of Congress, senior executive branch officials, and their immediate families, from issuing, sponsoring, or endorsing digital assets such as meme coins, securities, futures, or commodities. 

Background: The $TRUMP Meme Coin Controversy

The impetus for the MEME Act was the launch of the $TRUMP meme coin by President Donald Trump shortly before his inauguration. The coin’s value soared to a market capitalization of over $15 billion but subsequently plummeted by more than 80%, leading to substantial losses for many investors. Critics argue that the coin’s promotion by a sitting president raises ethical concerns about conflicts of interest and the potential exploitation of public office for personal gain.