The MEME Act, introduced by Democrats in the House of Representatives in late February 2025, is a proposed bill aimed at preventing senior federal officials, including the President, Vice President, members of Congress, senior executive officials, their spouses, and dependent children, from issuing, sponsoring, or endorsing securities, futures, commodities, or digital assets, such as memecoins like $TRUMP. It is said that the acronym stands for Mitigating the Misconduct of Elected Officials and their Enrichment. The legislation seeks to protect the public from potential corruption, extortion, or bribery by preventing officials from financially benefiting from the promotion or creation of these assets. It includes criminal and civil penalties for violations.