The #MEME法案 MEME Act (the "Modern Compensation and Misconduct Enforcement Act") was jointly proposed by Democratic Congressman Sam Liccardo and Senator Chris Murphy to curb politicians from using their power to issue or promote Meme coins for the purpose of profit transfer. The immediate catalyst was the issuance of the similarly named token $TRUMP by former President Trump, which plummeted 85% within two months, causing significant losses for 200,000 retail investors. The bill aims to address existing legal loopholes by defining the issuance of coins by politicians as a corrupt act and granting criminal penalties.

Core Provisions

Prohibited Parties: The President, members of Congress, and their immediate family members are prohibited from issuing, sponsoring, or promoting securities, commodities, and digital assets (including Meme coins).

Retroactive Clause: Requires Trump to surrender approximately $100 million in profits obtained through the $TRUMP coin.