#MEMEAct The "MEME Act" or "Modern Emoluments and Malfeasance Enforcement Act" is a bill introduced in the U.S. Congress by Representative Sam Liccardo, with the support of Senator Chris Murphy. It seeks to prohibit federal elected officials, including the president, vice president, members of Congress, and their immediate family members, from issuing, sponsoring, or promoting digital assets, such as memecoins, for personal profit.

This initiative arises after the rise and subsequent fall of tokens associated with political figures like TRUMP and MELANIA, which caused significant losses for investors. Democrats argue that these assets represent a conflict of interest and a potential case of corruption, pointing to the Trump token as the "biggest corruption scandal in White House history." The goal of the MEME Act is to prevent officials from using their public position for financial gain through these speculative digital assets.