#BTCPrediction
The Modern Emoluments and Malfeasance Enforcement (MEME) Act, introduced by US Congressman Sam Liccardo, aims to prevent federal officials from exploiting their positions for personal financial gain through digital assets and securities. Prompted by concerns over meme coins linked to public figures, the bill targets the President, Vice President, Congress members, senior executive officials, and their families.
The MEME Act would prohibit these individuals from issuing, sponsoring, or endorsing financial assets and bar them from profiting from such assets during their tenure. It seeks to extend the Emoluments Clause to financial markets, preventing potential insider trading and undue foreign influence. Violators would face civil and criminal penalties, including the forfeiture of ill-gotten gains.
