#MEMEAct #MEMEAct In recent days, the United States Senate has been intensely debating memecoins, especially due to the controversy generated by the launch of the cryptocurrency $TRUMP by President Donald Trump.

What is happening with memecoins in the U.S. Senate?

President Trump launched the memecoin $TRUMP shortly before his inauguration, generating over $320 million in fees and offering exclusive incentives, such as private dinners at the White House, to top investors (Source: ctinsider.com). This action has raised concerns about potential conflicts of interest and corruption, as it is estimated that Trump and his family could significantly benefit from these investments (Source: axios.com).

Legislative Reactions

In response, Senate Democrats have proposed the "End Crypto Corruption Act," a law that would prohibit federal officials and their families from issuing or promoting digital assets, including memecoins and stablecoins (Source: theverge.com). Additionally, the "MEME Act" has been introduced in the House of Representatives, aiming to prevent public officials from benefiting from digital assets.