The MEME Act aims to strengthen regulation of the cryptocurrency market, focusing on trading transparency and tax compliance, with far-reaching effects on the crypto space. In the short term, it may trigger market volatility as investors need to adapt to the new rules; 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 to enter the market, enhancing market stability, but it could also stifle innovative vitality. 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 erosion of the decentralized spirit.