#MEMEAct The Modern Emoluments and Malfeasance Enforcement Act (MEME Act) is a newly proposed legislative initiative in the United States Congress aimed at preventing federal officials, including the President, Vice President, members of Congress, and their immediate family, from issuing, promoting, or profiting from digital assets such as meme coins, stablecoins, and tokens. This bill is introduced in the context of concerns about conflicts of interest and potential corruption related to officials using their public office to profit from the cryptocurrency market. 

🧾 Main contents of the MEME Act

• Prohibition on issuing and promoting digital assets: Prohibits federal officials and their immediate family from issuing, promoting, or profiting from digital assets such as meme coins, stablecoins, and tokens.

• Enforcement mechanism: Allows any individual harmed by the misconduct of an official to file a civil lawsuit for compensation.

• Objective: Prevent the exploitation of public office for profit in the cryptocurrency market and protect the integrity of the political system.