Have you ever wondered why meme coins are making such an impact on the crypto world lately? From making overnight ...

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He seemed in distress, scratching his scalp, breathing heavily. “If I die, I hope you guys turn this into a meme coin,” he told his followers on X, where he was livestreaming.

Unlike meme tokens like DOGE and shiba inu (SHIB), XRP has utility. It is used by Ripple to facilitate cross-border transactions, which places it in a bucket different from the memecoins.

House Democrats, led by Rep. Sam Liccardo, have introduced the MEME Act, CoinDesk previously reported, which aims to prohibit federal officials and their families from profiting off meme coins.