#MEMEAct

Senator Chris Murphy proposed the 'MEME Act' to prohibit the president and members of Congress from issuing or promoting digital assets such as meme coins, citing the launch of the 'Trump Coin' as an example of corruption. The 'Trump Coin' was launched in January 2025, three days before Trump's inauguration, and generated over US$ 320 million in fees, raising concerns about conflicts of interest and corruption. Murphy's proposal aims to prevent federal officials from using their positions to profit from digital assets, seeking to criminalize such conduct. The central question is whether politicians and their families should be prohibited from launching or promoting cryptocurrency assets, considering the risks of corruption and conflicts of interest associated.