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Democrats in the U.S. House of Representatives plan to introduce a new bill to ban public officials from issuing meme coins

Democrats in the U.S. House of Representatives plan to introduce the Modern Pay and Malfeasance Enforcement Act (MEME Act) to ban public officials from issuing memes similar to Trump’s official tokens (TRUMP). California Democratic Senator Sam Liccardo said the bill will be submitted on February 27 and covers the president, vice president, members of Congress, senior administrative officials, their spouses and children, and aims to prevent officials from using political power for personal gain. Liccardo said that there are currently 12 Democratic lawmakers supporting it and a cross-party consensus is being sought. (Cointelegraph)

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