Congressman Sam Liccardo introduced the MEME Act (Modern Emoluments and Malfeasance Enforcement) bill to prohibit federal officials and their families from issuing, promoting, or benefiting from cryptocurrencies like "meme coins." The initiative arises after the launch of the $TRUMP coin by Donald Trump, which generated millions in profits for its promoters but left significant losses for over 800,000 retail investors. The bill aims to prevent conflicts of interest, potential market manipulation, and foreign influence on government decisions. Although it faces obstacles in the Republican-controlled Congress, the proposal marks a step towards greater ethics in politics and digital finance. #MEMEAct