Following President Donald Trump's ban on congressional stock trading, members of Congress have reportedly begun launching their own meme coins, mirroring the President's approach to digital assets. This development has sparked discussions about lawmakers shifting their trading activities from traditional stocks to cryptocurrencies. In response, Congressman Mike Liccardo introduced the MEME Act, which seeks to prohibit federal officials and their families from profiting from digital assets such as the Trump-branded cryptocurrency. Liccardo described the trading of such assets by public officials as a blatant abuse of public office for personal gain. The MEME Act aims to address concerns over ethical conflicts arising from cryptocurrency trading among government officials.