#MEMEAct Senator Murphy emphasized that the meme coin associated with his presidency is a real example of the practices of conflicts of interest that the proposed regulations aim to eradicate.

According to him, the Trump Meme Coin is nothing more than a vessel for selling access to the presidency by Trump in the US.

"Donald Trump is essentially encouraging billionaires or foreign oligarchs to quietly send millions of dollars as a form of gratitude," said Murphy.