#MEMEAct

Representative Sam Liccardo (D-CA) introduced the MEME Act ๐Ÿง‘โ€โš–๏ธ๐Ÿ“œ โ€” short for Modern Emoluments and Malfeasance Enforcement โ€” to ban politicians (like Trump) from launching or profiting from meme coins ๐Ÿช™๐Ÿšซ.

This comes after Trump and Melania launched their own meme coins ๐Ÿธ๐Ÿ’ฐ, raising concerns about ethics and corruption โš–๏ธ๐Ÿ”ฅ.

The bill would:

Prohibit high-ranking officials & families from creating/promoting crypto ๐Ÿšท๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ

Apply criminal & civil penalties โš’๏ธ๐Ÿ’ธ

Be retroactive to past profits ๐Ÿ•ฐ๏ธ๐Ÿ“‰

Itโ€™s unlikely to pass in a GOP-controlled Congress ๐Ÿ›๏ธโŒ, but it sends a strong message about crypto and political power โš ๏ธ๐Ÿ—ณ๏ธ.