#MEMEAct MEMEAct USA: Democrats would propose a bill to ban presidential memecoins. The California Democratic Party representative Sam Liccardo is set to present the MEME Act, which would prohibit public officials from issuing memecoins like TRUMP. The United States Congress is about to introduce a law that would ban the issuance of memecoins, such as the official Trump token (TRUMP) from President Donald Trump.