The MEME Act: Democrats Want to Make Trump’s $15B Coin Illegal (And It Won’t Work)

House Democrats introduced the MEME Act in February 2025 to ban politicians from issuing memecoins, targeting Trump's $TRUMP token that surged to $15B before crashing 82% and causing $2B in losses for 800,000 investors while netting the Trump family $100M in fees. With zero Republican support and GOP control of Congress, the bill's passage is near impossible, serving more as partisan theater amid ethics concerns over foreign influence and insider trading. Key Insights House Democrats introduced the MEME Act to ban politicians from issuing memecoins. Trump's coin surged to $15 billion, then crashed 82% with over 800,000 investors losing money source: https://voiceofcrypto.online/crypto-news/the-meme-act-democrats-want-to-make-trumps-15b-coin-illegal-and-it-wont-work