#MEMEAct2025

🏛️ The MEME Act: U.S. Legislative Proposal

The Modern Emoluments and Malfeasance Enforcement Act (MEME Act) is a bill introduced by Senator Chris Murphy (D-Conn.) aimed at prohibiting federal officials, including the President and members of Congress, from launching or profiting from meme coins. This legislation was prompted by concerns over potential conflicts of interest and the exploitation of public trust, especially following the launch of a meme coin by former President Donald Trump, which offered holders perks like gala invitations. Senator Murphy emphasized that such coins could serve as covert channels for financial gain from entities conducting business with the government.