The #MEMEAct launched by Senator Chris Murphy (D-Conn) on May 6, 2025, is a bold step against the corruption that meme coins can represent. In my view, Murphy was right to call out presidents and congress members who profit from this coin - the $TRUMP, for example, accused of being a blatant scandal, where many are pointing to it as a disguised bribe of innovation. Prohibiting these politicians from endorsing or issuing cryptos may be essential to protect the integrity of the government, even though some market enthusiasts complain about regulatory overreach. Transparency is non-negotiable, and the #MEMEAct could be a game-changer against such issues. Many investors suffer from problems like market manipulation and fraudulent coins; after all, would this be the way to circumvent such problems or will we continue to suffer from these issues? Would stricter regulation be the solution or would that go against the principles of cryptocurrencies?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.