The American Chris Murphy announced that he will present a bill called "The Meme Act" to prevent the president or any member of Congress from issuing or promoting any meme-based cryptocurrency, and this is due to Trump's currency, which Murphy described as the biggest corruption scandal in the history of the White House.

This news has opened a huge door for discussion about the role of politicians in the crypto world. When a politician or someone from their family promotes a cryptocurrency, they have a significant influence on people, and this can create serious conflicts of interest. It means they could exploit their position to raise the value of the currency and then sell it, profiting at the expense of those who believed them.

Moreover, this promotion can lead people to perceive it as a guaranteed project or state-backed, which is very dangerous in an unstable market like the crypto market. In many cases, huge losses have occurred due to the promotion of meme coins that have no real value.