#MEMEAct . Democratic Senator Chris Murphy has introduced the Modern Earnings and Misconduct Enforcement Act (MEME Act), which aims to prohibit high-ranking officials, including the President and members of Congress, along with their immediate family members, from issuing or promoting cryptocurrency assets. Violators could face fines of up to $250,000 and imprisonment for up to five years. The legislation specifically targets recent ventures by the Trump family, such as the TRUMP Meme coin, and demands that any profits be returned to the U.S. Treasury.