The MEME Act is a new law proposed by Senator Chris Murphy of the United States. The purpose of this law is to prevent the President or members of Congress from creating or influencing the economy through speech or actions that create a significant impact on the market – particularly in the context of meme stocks or meme coins.

What is the "Meme Act" in simple terms?

"Meme" refers to cryptocurrencies that are widely discussed on the internet, especially on social media (for example: Dogecoin, GameStop, PEPE coin, etc.).

"Act" is a law.

Therefore, the MEME Act is a law intended to prevent political leaders from intentionally or unofficially manipulating market prices through speech or tweets.

A simple example:

If a President or Senator tweets "Dogecoin to the moon" and it causes the price of DOGE to rise — this new law would reject that situation.

Purpose:

To stop top leaders from directly or indirectly influencing people's investments (investors) using meme culture.

To protect the market from being used as a political playground.