#MEMEAct - Senator Chris Murphy has proposed the Modern Emoluments and Malfeasance Enforcement (MEME) Act, a new bill that aims to ban the President, Vice President, members of Congress, senior government officials, and their immediate families from creating, promoting, or profiting from any digital financial assets—including cryptocurrencies and meme coins. This move comes after rising controversy over political tokens like $TRUMP, which reportedly generated massive fees and offered VIP perks, sparking public concern over corruption, manipulation, and pay-to-play politics.
The MEME Act proposes strict civil and criminal penalties, and it could even apply retroactively to officials who previously benefited from such ventures. While the bill’s future in Congress is uncertain, it highlights a growing demand for ethical boundaries in politics.
Meanwhile, crypto platforms continue to push for transparency and investor protection, aligning with the core values behind this legislation: accountability, fairness, and the separation of public service from personal financial gain.
Should public officials be completely banned from crypto ventures, or is that a step too far?
