#MEMEAct MEME Act: An Overview of Legislation

In early 2025, Representative Sam Liccardo (Democrat from California) introduced the Modern Rewards and Violations Enforcement Act (MEME Act), aimed at preventing federal officials from exploiting their positions for personal financial gain through digital assets. The bill specifically seeks to prevent the President, Vice President, members of Congress, senior executive officials, and their immediate family members from:

Issuing, sponsoring, or endorsing cryptocurrencies or MEME coins or other digital assets.

Engaging in financial activities that may lead to conflicts of interest or unethical enrichment.