#MEMEAct American senators propose the MEME law, which seeks to prohibit presidents and congress members from issuing Meme coins.

US Senator Chris Murphy posted on platform X that he will present the "MEME Bill," which prohibits presidents or members of Congress from issuing Meme coins. Murphy stated that "Trump coin is the biggest corruption scandal in the history of the White House," and indicated that he will push for legislation alongside Representative Sam Liccardo to curb such actions.