Imagine a new law to stop government officials from getting rich using cryptocurrencies! A US Congressman wants to make it illegal for them and their families to buy, sell, or promote crypto, including memecoins (like funny internet coins). This new law is called the MEME Act.
- It aims to prevent corruption and protect people from losing money.
- The law is inspired by a memecoin linked to a former president that went up and down in price very fast.
- Many people lost money when the price of that coin crashed.
| Fact | Number |
|---|---|
| People who lost money on the Trump memecoin | 800,000 |
| Highest value of the Trump memecoin | $13 Billion |
| Percentage drop in Trump memecoin value | 82% |
It's unlikely to pass right now, but it shows how important it is for people to be careful with cryptocurrencies.
