#MEMEAct
Banning politicians and their families from launching or promoting crypto assets is justified to prevent conflicts of interest and exploitation of public trust. Crypto’s speculative nature risks enabling insider manipulation or profiteering, especially via meme coins tied to political influence. However, outright bans may infringe on free enterprise; instead, strict transparency laws—mandating disclosures of holdings and penalizing undisclosed promotions—could balance accountability with individual rights. Ensuring ethical boundaries without stifling innovation is key. Politicians must avoid leveraging their platforms for financial gain, as such actions erode democratic integrity and risk harming unsuspecting supporters. Regulation, not prohibition, might offer a pragmatic middle ground.