#MEMEAct "#MEMEAct" can refer to two things in the crypto space:

1. A proposed bill in the U.S. Congress:

* Officially known as the "Modern Emoluments and Malfeasance Enforcement Act," this bill has been informally dubbed the "MEME Act."

* It was introduced in the House of Representatives and aims to prevent government officials (including the president, vice president, members of Congress, and senior executive branch officials, as well as their spouses and dependent children) from financially benefiting from digital assets, including cryptocurrencies and meme coins.

* The goal of this bill is to address ethical concerns regarding the potential profit politicians may gain from promoting or participating in cryptocurrencies.

* It seeks to "make corruption criminally punishable again," preventing conflicts of interest.

Impact on the crypto industry (if passed):

* Reduced influence of public officials: If passed, the MEME Act could limit the ability of public figures to significantly influence the price and perception of cryptocurrencies through endorsements or creating