A new bill proposed by Senator Chris Murphy aims to regulate presidential involvement in cryptocurrency, targeting potential conflicts of interest. Known as the MEME Act (Promoting Ethical Money and Engaging in Cryptocurrency), it specifically addresses actions by government figures promoting digital assets and their affiliations. This legislation seeks to align emoluments clauses with modern financial assets, addressing concerns about potential corruption. Senator Murphy’s bill is a direct response to perceived misuse of power related to the Trump family’s involvement in cryptocurrency, prohibiting key officials from promoting digital assets. Representative Sam Liccardo co-sponsored similar legislation in the House. This move has implications for both crypto regulation and ethical standards in government, potentially reshaping public perception and market dynamics.