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U.S. Senator proposes MEME bill to prohibit the President and members of Congress from issuing Meme coins.
On May 7, U.S. Senator Chris Murphy posted on the X platform that he would introduce the “MEME Act” to prohibit the President or members of Congress from issuing Meme coins. Murphy stated, “Trump coin is the biggest corruption scandal in the history of the White House,” and indicated that he would work with Congressman Sam Liccardo to push for legislation to curb such behavior.