The $BTC MEME bill aims to strengthen the regulation of the cryptocurrency market, focusing on standardizing trading transparency and tax compliance, which will have far-reaching effects on the crypto space. In the short term, it may trigger market volatility as investors need to adapt to the new regulations; compliance costs for exchanges and DeFi platforms will rise, potentially squeezing the survival space for small and medium-sized institutions. In the long term, a clear regulatory framework may attract traditional institutions, enhancing market stability but potentially stifling innovation. High-risk assets such as NFTs and Meme coins may face stricter scrutiny. Industry divisions are intensifying: supporters see it as an opportunity for mainstream adoption, while opponents worry about the damage to the spirit of decentralization.