#MEMEAct O #MEMEAct (Modern Emoluments and Malfeasance Enforcement Act) is a bill introduced in May 2025 by Senator Chris Murphy (D-CT) and Representative Sam Liccardo (D-CA), aiming to prohibit presidents, members of Congress, and their families from issuing, promoting, or profiting from digital assets such as meme coins and stablecoins. The proposal arises after controversies involving former President Donald Trump and his family, who reportedly made significant gains with the token $TRUMP and a stablecoin associated with a company in Dubai. The bill seeks to prevent conflicts of interest and restore public trust by establishing ethical limits for federal officials' participation in the crypto market.