#MEMEAct The MEME Act is a proposed legislation aimed at preventing high-ranking government officials, including the President, Vice President, and members of Congress, from profiting from meme coins and other digital assets while in office. The bill would prohibit these officials from issuing, sponsoring, or supporting digital assets, securities, and commodities, and would impose criminal and civil penalties for violations.

This legislation is a response to concerns regarding potential conflicts of interest and exploitation related to officials promoting or profiting from meme coins. For example, former President Donald Trump launched his own meme coin, $TRUMP, which raised concerns about transparency, insider trading, and foreign influence.

The MEME Act has been introduced by Senator Chris Murphy and Council Member Sam Liccardo, and has garnered support from several Democratic lawmakers. However, its passage is uncertain due to the current political climate.

Interestingly, there is also a cryptocurrency called MEMEACT, which is traded on several exchanges, including Raydium and OKX. The current price is approximately $0.0000046702, with a market capitalization of around $4,652.81