#MEMEAct

Emoluments and Malfeasance Enforcement (MEME) Act, introduced by House Democrats. This legislation aims to prohibit high-ranking government officials and their immediate families from creating, endorsing, or profiting from digital assets, including meme coins.

The bill emerges in response to$ controversies involving former President Donald Trump's promotion of the $TRUMP meme coin and other crypto ventures, which have raised concerns over potential conflicts of interest and ethical violations. Critics argue that such activities blur the lines between public service and personal gain, prompting calls for clearer regulations to uphold the integrity of public office.