#MEMEAct

The MEME Act, introduced by Senator Chris Murphy, D-Conn., on May 6, 2025, aims to prohibit federal officials from issuing meme coins. This bill targets the financial exploitation of the public by corrupt federal officeholders, such as the issuance of meme coins by former President Trump and First Lady Melania Trump, which left retail investors with significant losses.

Congressman Sam Liccardo (CA-16) also introduced a similar bill, the Modern Emoluments and Malfeasance Enforcement (MEME) Act, on March 6, 2025, which seeks to halt the financial exploitation of the public by federal officials. The MEME Act prohibits federal officials from issuing, sponsoring, or endorsing securities, futures, commodities, or digital assets, and subjects violators to criminal and civil penalties.

Both bills aim to address the ethical concerns and potential insider trading associated with meme coins issued by government officials. They propose to make it illegal for the President, Vice President, Members of Congress, and senior Executive Branch officials, along with their spouses and dependent children, to profit from such financial assets.