#MEMEAct MEMEAct

The MEME Act (H.R.1712 - MEME Act) is a bill introduced in the U.S. Congress to regulate digital assets. The bill aims to provide a clear regulatory framework for the industry, focusing on:

- *Defining the role of the Securities and Exchange Commission (SEC)*: overseeing digital assets that are considered investment contracts.

- *Decentralization testing*: establishing standards for testing decentralization, where no single party should have unilateral control.

- *Defining mature networks*: defining mature networks as those that are autonomous, transparent, and not centrally controlled.

Project Goals

- *Regulating the digital asset market*: providing a clear regulatory framework for the industry, aimed at promoting investment and innovation.

- *Protecting investors*: establishing clear rules to protect investors and reduce risks.

Potential Benefits

- *Boosting investment*: clear regulation can lead to increased investment in the digital asset market.

- *Increasing transparency*: it can enhance market transparency and reduce risks.💝💝💝💝💝