Personalities including President Donald Trump have launched their own meme coins, but they pose risks for investors aiming to get rich quick.

Democratic politicians are calling for restrictions on politicians profiting from the launch or promotion of memecoins.

A California Democrat plans to introduce the Modern Emoluments and Malfeasance Enforcement Act, or MEME Act, on Thursday.

With the dismissal of crypto investigations and enforcement actions and a staff memo on meme coins, the agency is taking a sharply different approach than the previous administration.

When the most famous man in the world cashes in on a crypto trend, that's a strong top signal. Why it matters: Revenue has been falling for the leading meme-coin platform since the Trump Organization launched the Official Trump (TRUMP) and Melania Meme (MELANIA) coins Jan.

Memecoin’s moment may have passed, just after U.S. President Donald Trump cashed in on the frenzy around it. The MAGA chief’s decision in January to launch a memecoin—a digital token which isn’t linked to any kind of underlying business or asset—caused a flurry of interest,

First Lady Melania Trump's disastrous meme coin has tanked just weeks after it was launched. Worth $13.69 at its peak on January 20, the cryptocurrency has now flopped and the value of her $Melania coin slumped as low as $0.

Congress Democrats have introduced a bill in the House to ban top federal officials and their families from issuing or promoting meme coins.