#MEMEAct

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$BTC Trump’s Memecoin Just Set Off a Political Firestorm in the Senate

What’s going on—and why it could change crypto laws forever.

Looks like Trump’s back in the spotlight, but this time it’s not about rallies or courtrooms—it’s about crypto. A new digital coin called $TRUMP has entered the market, and it's already shaking things up in Washington.

The MEME Act Hits the Floor

Senator Chris Murphy (D-CT) just introduced the MEME Act, a bill aimed at blocking Trump—and any high-profile politician—from endorsing or profiting off cryptocurrencies tied to their name. Murphy says it’s a conflict of interest that could open the door to corruption.

Crypto Clout or Crypto Conflict?

Critics aren’t holding back. They argue Trump is advocating for relaxed crypto regulations while financially benefiting from a coin with his name on it. Some are calling this a new form of political profiteering—“crypto corruption.”

Even GOP Lawmakers Are Uneasy

Not all Republicans are rallying behind Trump on this one. A few are warning that it sends a dangerous message when national leaders cash in on volatile markets while shaping policy that affects them.

Crypto Legislation Stalls

Thanks to the controversy, progress on other key crypto bills—like stablecoin regulations—has slowed. Senate Democrats are pausing support, citing concerns over money laundering and shady international investors tied to Trump-linked coins.

Warren Weighs In

Senator Elizabeth Warren stepped in to draw a line: she’s not against crypto, but she wants tighter rules to keep bad actors out while still letting real innovation grow.

Market Moves

The political drama is already hitting the markets:

Bitcoin ($BNB TC) slipped 1.2%

$MEME ME coin trading surged 18% as speculators jumped in to ride the chaos