$BTC Senator Chris Murphy of the Democratic Party recently introduced a new bill called the MEME Act, aimed at prohibiting senior officials—including former President Donald Trump—from promoting or engaging in any “presidential digital currency.”

This legislation comes after the memecoin $TRUMP surged dramatically in the market, leading to speculation and questions 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.