#BTCPrediction The #MEMEAct, or the Modern Wage Enforcement and Abuse Act, was introduced by Senator Chris Murphy to curb financial misconduct by federal officials. It prohibits public officials and their families from issuing or promoting financial instruments such as cryptocurrencies, NFTs, or securities for personal gain. Violators will face civil penalties of up to $250,000 and criminal charges for damages exceeding $1 million. Sparked by concerns over meme coins like $TRUMP, this bill aims to prevent officials from exploiting their public office for profit. While some praise its intentions, others view it as restrictive. The #MEMEAct reflects the growing scrutiny of digital assets in politics.