#MEMEAct #MEMEAct

MEME Act: Preventing Abuse of Power in Meme Coins**

In the midst of the significant rise of meme cryptocurrencies such as **$TRUMP** recently launched by Trump, serious concerns have emerged regarding officials exploiting their positions for illicit profits. In response, some members of Congress proposed the **MEME Act** which prohibits high-ranking officials from issuing or promoting any cryptocurrency, and bars them from profiting from it, especially after recent scandals.

The law comes after Trump made huge gains from his coin while thousands of investors lost their money. However, it faces political and legal hurdles that may impede its implementation, especially with some opposing government intervention in the cryptocurrency market. The question remains: Can abuse of power be curbed in the era of the digital economy?

Everyone is focused.