#MEME法案 Regarding the "Modern Compensation and Misconduct Enforcement Act" (MEME Act) proposed by the United States, the following is a summary of information:

1. Core Content of the Bill

• Prohibits the President, members of Congress, senior executive officials, and their spouses/children from issuing, sponsoring, or promoting securities, commodities, and digital assets (including meme coins). Violators will face a maximum fine of $250,000 and up to 5 years in prison.

• Requires Trump to return all profits obtained through TRUMP coins and authorizes the Department of Justice to recover related earnings.

2. Background of the Proposal

• The direct trigger was Trump launching his personal meme coin TRUMP in January 2025, whose price plummeted from a peak of $80 to $11.32 (an 85% drop), resulting in losses for approximately 764,000 retail investors, with only 58 wallets profiting over $1.1 billion.

• Bill sponsor Sam Liccardo pointed out that this behavior involves insider trading, overseas funding risks, and ethical issues, calling it "the largest corruption scandal in White House history."

3. Current Progress and Challenges

• The bill was introduced by Democratic members of Congress in February 2025, but Republican control of Congress makes its passage highly unlikely, and it is seen more as a symbolic protest against Trump.

• The Senate has launched an investigation: the Senate Permanent Subcommittee on Investigations is looking into TRUMP token developers Fight Fight Fight and associated companies World Liberty Financial, focusing on whether there was any conflict of interest during the 50% surge in token value driven by April's White House dinner news.

4. Market Reaction

• The market value of TRUMP coins has shrunk from $2.7 billion to $2.17 billion, with insiders profiting over $324 million through transaction fees.

• If the bill passes, it could impact future politicians' issuance of coins, but the current cryptocurrency market is more focused on Federal Reserve policies and technical fluctuations.

Controversy Focus: The bill has been criticized as a tool for political maneuvering, with Democrats attempting to limit Trump's cryptocurrency activities, while Republican legislators question its selective enforcement, arguing that previous violations by government officials (such as Ivanka promoting Goya coffee) did not face equal accountability.