#MEMEAct believe there’s a strong case for barring elected officials and their immediate families from launching or promoting crypto assets, and here’s why.

First, cryptocurrencies remain largely unregulated, highly volatile, and—despite growing mainstream acceptance—still rife with scams and market manipulation. When a sitting member of Congress or their spouse endorses a token, it instantly gains credibility, attracting investors who assume due diligence has already been done. That dynamic creates an uneven playing field: ordinary investors bear the entire downside risk, while politicians reap both financial upside and enhanced public profiles.