#MEMEAct refers to a new American bill aimed at preventing government officials, such as the president and members of Congress, from exploiting meme coins for personal profit.

Summary of key points:

Introduced by Democratic Senator Chris Murphy in May 2025.

Came in response to former President Trump's issuance of a meme cryptocurrency for profit.

Aims to promote transparency and prevent conflicts of interest.

Has support from some Democrats and is controversial among supporters and opponents.