#MEMEAct The MEME Act, proposed by Congressman Sam Liccardo, aims to prohibit federal officials, including the president, from issuing or promoting meme coins. This legislative move is a response to former President Trump's involvement with his own meme coin, Official Trump (TRUMP), a Solana-based token valued at $2.1 billion. The act would block politicians and their family members from launching or endorsing tokens under threat of civil and criminal penalties. If approved, it would also demand that Trump disgorge all profits from his token launch. The bill has sparked debate on political corruption in crypto