#MEMEAct

Should politicians be prohibited from promoting cryptocurrencies?

In light of the spread of cryptocurrencies and meme coins, U.S. Senator Chris Murphy announced his intention to propose new legislation called the "MEME Act," aimed at preventing the President or members of Congress from issuing or promoting cryptocurrencies.

From an ethical and legal standpoint, many believe that politicians should adhere to transparency and integrity, and any direct or indirect promotion of cryptocurrencies could be interpreted as a conflict of interest or an attempt to profit personally from their public positions. Additionally, cryptocurrencies lack strict regulation, making their use in political contexts fraught with risks.#MEMEAct2025