Senator Chris Murphy of the Democratic Party recently introduced a new bill called the MEME Act, aimed at banning senior officials—including former President Donald Trump—from promoting or participating in any 'presidential cryptocurrency.' This legislation comes after the memecoin $TRUMP surged in the market, leading to a wave of speculation and concerns about conflicts of interest when a political figure could financially benefit from their own popularity. If passed, the MEME Act will mark a new turning point in regulating crypto activities related to politicians, establishing a clear boundary between personal influence and financial interests in the Web3 space.