#MEMEAct The #MEMEAct—short for Modern Emoluments and Malfeasance Enforcement Act—is a legislative proposal introduced in 2025 by Senator Chris Murphy (D-CT) and Representative Sam Liccardo (D-CA). This act aims to prohibit U.S. presidents, vice presidents, members of Congress, and their immediate families from issuing, sponsoring, or promoting digital assets, including meme coins, cryptocurrencies, and NFTs, to prevent conflicts of interest and corruption.

The legislation was prompted by concerns over former President Donald Trump's launch of the $TRUMP meme coin shortly before his inauguration. Critics allege that the coin, which generated substantial fees, was used to offer exclusive access to Trump in exchange for financial support, raising ethical questions.

The MEME Act seeks to enforce transparency and accountability by imposing civil penalties up to $250,000 and requiring the disgorgement of profits obtained through prohibited financial transactions. It also allows private parties to pursue legal action if they suffer harm due to violations of the act