#MEMEAct The Modern Emoluments and Malfeasance Enforcement (MEME) Act is a legislative proposal introduced in the U.S. Congress in 2025 with the intention of preventing federal officials from using digital assets, particularly cryptocurrencies like meme coins, to leverage their positions for personal financial gain. The launch of the $TRUMP coin by former President Donald Trump, a cryptocurrency that reportedly generated over $320 million in fees and offered exclusive perks to top holders, prompted the development of this initiative in response to ethical concerns.
🔍 Key Provisions of the MEME Act
The MEME Act seeks to:
Prohibit the President, Vice President, members of Congress, senior executive branch officials, and their immediate family members from issuing, sponsoring, or endorsing securities, commodities, futures, or digital assets, including cryptocurrencies, meme coins, tokens, and non-fungible tokens (NFTs)
The MEME Act may serve as a foundation for future regulations that guarantee public officials' transparency and accountability as cryptocurrencies and digital assets become increasingly integrated into the financial system. Sources
