American Chris Murphy announced that he will present a bill called "The Meme Act" to prevent the president or any member of Congress from issuing or promoting any meme-based cryptocurrency. This is due to Trump's currency, which Murphy described as the biggest corruption scandal in the history of the White House.

This news has opened a large discussion about the role of politicians in the crypto world. When a politician or someone from their family promotes a cryptocurrency, they have a significant influence on people, which can create a serious conflict of interest. This means they could exploit their position to inflate the value of the currency and then sell, profiting at the expense of those who believed them.

Additionally, this promotion can make it seem like a guaranteed project or one backed by the state, which is very dangerous in an unstable market like the crypto market. In many cases, huge losses have occurred due to the promotion of meme coins that have no real value.