#MEMEAct On May 6, 2025, Senator Chris Murphy (D-CT) introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aiming to prohibit U.S. presidents, vice presidents, members of Congress, and their immediate families from creating, endorsing, or promoting digital assets like meme coins and stablecoins. This legislative move follows controversies surrounding former President Donald Trump’s involvement in cryptocurrency ventures, notably the launch of the $TRUMP coin. Reports indicate that the Trump family profited significantly from trading fees associated with this coin, raising ethical and national security concerns. The MEME Act seeks to address potential conflicts of interest by federal officials leveraging their positions for personal financial gain through digital assets. It underscores the need for transparency and integrity in public service, especially as the digital asset landscape continues to evolve.