#MEMEAct As of May 2025, a bill titled 'Modern Emoluments and Malfeasance Enforcement Act' (abbreviated as MEME Act) is actively being discussed in the United States, aimed at prohibiting federal officials and their family members from creating, promoting, or financially benefiting from cryptocurrencies, including meme coins and stablecoins.

What is the MEME Act?

The MEME Act was introduced by Democratic Senator Chris Murphy and Congressman Sam Liccardo. The bill prohibits the President, Vice President, members of Congress, and their immediate relatives from creating or promoting digital assets such as cryptocurrencies, meme coins, and stablecoins. Violations entail both criminal and civil liability.