#MEMEAct In May 2025, U.S. lawmakers introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act in response to ethical concerns surrounding President Donald Trump's promotion of the $TRUMP meme coin. Launched just before his inauguration, the coin has reportedly generated over $320 million, with top holders offered exclusive access to events with the president. The MEME Act aims to prohibit federal officials—including the President, Vice President, members of Congress, and senior executive branch officials—from issuing, sponsoring, or endorsing digital assets for personal gain. Violations would incur civil and criminal penalties, and the bill allows private investors to seek damages. This legislation underscores growing bipartisan efforts to address potential conflicts of interest and ensure ethical conduct in the rapidly evolving digital asset landscape.