#MEMEAct : This 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.
- *Testing decentralization*: establishing criteria to test decentralization, ensuring that there is no unilateral control by any one party.
- *Defining mature networks*: defining mature networks as those that have autonomy, transparency, and no central control.
Project Goals
- *Regulating the digital asset market*: providing a clear regulatory framework for the industry, aimed at enhancing investment and innovation.
- *Protecting investors*: establishing clear rules to protect investors and reduce risks.