#MEMEAct

The #MEMEAct, formally known as the Modern Emoluments and Malfeasance Enforcement Act, is a legislative proposal introduced by Senator Chris Murphy (D-CT) and Representative Sam Liccardo (D-CA) in early 2025. The bill aims to prohibit U.S. presidents, vice presidents, members of Congress, and their immediate families from creating, endorsing, or promoting digital assets like meme coins and stablecoins. This move comes in response to concerns over the Trump family's involvement in cryptocurrency ventures, including the launch of a meme coin offering holders incentives such as a gala dinner with former President Donald Trump.