Sen. Murphy targets Trump’s meme coin with anti-corruption bill

U.S. Senator Chris Murphy has introduced the MEME Act, a bill aimed at banning U.S. officials—including Donald Trump—from promoting personal financial interests like the TRUMP meme coin, according to Decrypt. The legislation targets self-dealing through investments such as cryptocurrencies and securities. Murphy called the coin’s promotion a blatant example of corruption, while criticism grows over Trump’s ties to crypto as lawmakers advance digital asset regulations.