In a step that reflects the growing legislative interest in the digital asset market, Democratic Senator Chris Murphy introduced a bill on May 6, 2025, known as the "MEME Act," which aims to prohibit senior federal officials, including the President, Vice President, and members of Congress, from issuing, promoting, or profiting personally from digital currencies during their time in office. This move comes against the backdrop of President Donald Trump launching a digital currency in his name (TRUMP), which sparked widespread controversy after its market value reached billions of dollars. The bill seeks to ensure integrity and prevent conflicts of interest by proposing criminal and civil penalties for violators. Despite the political differences surrounding the law, it represents positive signs towards more transparent and fair regulation in the world of digital currencies and reflects an increasing trend towards protecting the market from manipulation and private interests, without closing the door on innovation or development.#MEMEAct
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