U.S. Senator proposes MEME Act to prohibit the President and members of Congress from issuing Meme coins

ChainCatcher News, U.S. Senator Chris Murphy posted on the X platform that he will introduce the "MEME Act," which prohibits 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 expressed that he will work with Congressman Sam Liccardo to promote legislation to curb such behavior.