US Congressman introduces Act to ban meme coins
Congressman Sam Liccardo has introduced the MEME Act. This bill aims to curb the rise of political meme coins, like the TRUMP token. It seeks to penalize those who create or endorse such coins. Although the bill may not pass, it highlights concerns about fraud in the crypto space, especially involving political figures. The TRUMP token’s launch caused controversy. Many investors were new to crypto, making them easy targets for