The MEME Act aims to strengthen the regulation of the cryptocurrency market, focusing on standardizing trading transparency and tax compliance, which will have a profound impact on the crypto world. In the short term, it may trigger market fluctuations as investors need to adapt to 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 run, a clear regulatory framework may attract traditional institutions to enter the market, enhancing market stability, but it could also suppress innovative vitality. High-risk assets like 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.