#MEME法案

Core Provisions

Prohibited Subjects: Presidents, members of Congress, and their immediate family members are not allowed to issue, sponsor, or promote securities, commodities, and digital assets (including Meme coins);

Retrospective Clause: Requires Trump to return approximately $100 million in profits obtained through $TRUMP coins;

Regulatory Extension: Requires Meme coin projects to submit a 'Community Consensus Audit Report', and 90% of projects with no substantial content will lose their listing qualifications.

II. Political Games and Execution Dilemmas

Partisan Opposition and Legislative Prospects

Currently, the Republican Party controls Congress, making the probability of the bill's passage extremely low. The Democratic Party positions it as a 'political placeholder'—if they gain power in the future, they will push for legislation. This strategy is similar to the symbolic protest of the 'Hatch Act,' with actual effectiveness depending on self-restraint from the White House.

Execution Challenges

Regulatory Ambiguity: The SEC previously clarified that Meme coins are 'not securities,' which conflicts with the definitions in the bill and may lead to judicial disputes;

Cross-Border Regulatory Arbitrage: Politicians may evade regulation through offshore exchanges (such as Meteora), where the mechanism allowing creators to 'earn fees for life' has already led to multiple harvesting incidents.