MEME Act

The MEME Act prohibits federal officials - including the president, vice president, members of Congress, and their immediate family - from issuing, sponsoring, or promoting financial assets (such as cryptocurrencies, meme coins, or securities) for personal financial gain. It applies during their term of service and for 180 days before/after, targeting misuse of public office for private profit. Violations carry civil penalties up to $250,000, require disgorgement of profits, and allow private lawsuits for harm caused. The bill specifically defines "covered assets" to include digital assets like meme coins, aiming to prevent conflicts of interest and corruption through financial exploitation.