#MEMEAct

The MEME Act (Moral Enforcement against Misleading Endorsements) is a proposed U.S. bill introduced by House Democrats in February 2025, led by Representative Sam Liccardo. It aims to prohibit top federal officials, including the President, Vice President, members of Congress, senior executive branch officials, and their spouses and dependent children, from issuing, sponsoring, or endorsing securities, commodities, or digital assets, such as memecoins (e.g., $TRUMP). The bill seeks to prevent corruption, extortion, or bribery by ensuring public officials cannot profit from or promote financial instruments, especially cryptocurrencies tied to their influence. Violators would face criminal and civil penalties. The proposal reflects concerns about the growing intersection of politics and digital assets but has sparked debate over free speech and regulatory overreach.