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Democratic Senator Chris Murphy has introduced the MEME Act to prevent federal officials, including former President Donald Trump, from promoting personal crypto ventures. The bill aims to curb financial self-dealing by public figures. Trump’s meme coin, TRUMP, has sparked controversy amid allegations of corruption.
- The MEME Act prohibits federal officials from promoting personal crypto assets to prevent financial self-dealing.
- Trump's meme coin, TRUMP, is under fire for alleged corruption, with a $2.1 billion market cap and exclusive events for holders.
- Crypto's role in political finance faces scrutiny as lawmakers draft new regulations, with Democrats opposing Trump-linked ventures.
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