U.S. Senator Chris Murphy announced that he will propose the "MEME Act" to prohibit the president or members of Congress from issuing meme coins, describing Trump's coin as the biggest corruption scandal in history. This means that Senator Murphy is concerned about the potential for government officials to exploit their positions for personal financial gain by issuing or promoting digital assets like meme coins. He sees former President Trump's promotion of a coin bearing his name as a serious conflict of interest and corruption.