US Senator Chris Murphy announced that he will introduce a bill called "The Meme Act" to prevent the president or any member of Congress from issuing or promoting any meme-based cryptocurrency, due to the Trump coin, which Murphy described as the biggest corruption scandal in the history of the White House.

This news opened a big discussion about the role of politicians in the crypto world. When a politician or someone from their family promotes a cryptocurrency, they have a significant influence on people, which can create serious conflicts of interest. This means they could exploit their position to increase the value of the coin and then sell it, profiting at the expense of those who believed them.

Additionally, such promotion might reach people as if it were a guaranteed project or backed by the state.