The $BTC MEME Act aims to strengthen cryptocurrency market regulation, focusing on trading transparency and tax compliance, which will have a profound impact 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 may rise, potentially squeezing the survival space of 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 may also stifle innovation. High-risk assets such as NFTs and Meme coins may face stricter scrutiny. Industry divisions are intensifying: supporters view it as an opportunity for mainstream adoption, while opponents worry about the erosion of the decentralization spirit.