#MEMEAct US Senator Chris Murphy recently strongly criticized the alleged conflict of interest involving Donald Trump and Trump Meme Coin. He emphasized that this must be stopped immediately by the United States.

According to X, Wednesday (7/5), Murphy stated that he is working to push a bill that will prohibit government officials, including the president, from promoting digital assets such as Trump Meme Coin.

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He referred to the proposed regulation as the Modern Emoluments and Malfeasance Enforcement (MEME) Act. This law will broadly apply to securities and digital assets, as well as various other types of investments, with the aim of prohibiting public officials from using their positions for personal financial gain.

Senator Murphy emphasized that the meme coin associated with his president is a real example of the conflict of interest practices that this regulatory discourse aims to eradicate.