The #MEME Act (Modern Emoluments and Malfeasance Enforcement Act) is a U.S. bill that seeks to prevent federal public officials, including the president, vice president, and members of Congress, from profiting from digital assets such as meme coins. The proposal gained traction after former President Donald Trump launched his own digital currency, $TRUMP, which quickly appreciated and generated millions in trading fees for him and his family, raising concerns about corruption and foreign influence.
The bill was introduced in the House by Representative Sam Liccardo and in the Senate by Senator Chris Murphy. It establishes strict restrictions on the issuance, sponsorship, and promotion of financial assets by these officials, in addition to providing civil and criminal penalties for violations.