#MEMEAct The application of recent rewards and infractions (MEME) is a proposed U.S. legislation aimed at combating conflicts of interest by prohibiting federal officials and their families from issuing, sponsoring, or supporting meme currencies and other financial assets, following the issuance of the meme currency $TRUMP by President Donald Trump. Here are the details on the status of the law, its provisions, and its impacts on the cryptocurrency market.