#MEMEAct As of May 8, 2025, the MEME Act (Modern Emoluments and Malfeasance Enforcement Act) is making headlines in U.S. politics. Introduced by Senator Chris Murphy (D-CT), the bill aims to prohibit federal officials—including the President, Vice President, members of Congress, and executive branch officials—from launching, promoting, or profiting from meme-based cryptocurrencies like the $TRUMP coin. This legislation responds to concerns over potential conflicts of interest and financial exploitation linked to political figures' involvement in digital assets .
The act has garnered significant attention due to its potential retroactive application, which could impact former President Donald Trump and his family, who have been associated with memecoin ventures. Critics argue that such activities may constitute a "corruption scandal," prompting legislative action to address ethical concerns .
For more detailed information, you can view Senator Murphy's announcement on Instagram: .
