The MEME Act (H.R.1712) is a bill introduced in the U.S. Congress to regulate digital assets, aiming to provide a clear regulatory framework for this growing industry, focusing on the following:

Key Regulatory Aspects:

Defining the Role of the Securities and Exchange Commission (SEC): Granting the commission the authority to oversee digital assets classified as investment contracts.

Decentralization Test: Establishing clear criteria to test the level of decentralization of networks, ensuring that no single party has centralized control over them.

Defining Mature Networks: Considering networks that exhibit autonomy, transparency, and lack of central control as "mature" networks.

Project Goals:

Regulating the Digital Asset Market: By providing a transparent regulatory framework that promotes innovation and investment.

Protecting Investors: Through the establishment of clear rules that reduce risks and safeguard rights.

Potential Benefits:

Encouraging Investment: Legal regulation may encourage investors and enhance trust in the market.

Increasing Transparency: The proposed framework may contribute to clearer transactions and reduce chaos and regulatory risks.