#MEMEAct American lawmakers target financial memes and retail influence

The proposed Market Manipulation Enforcement Act (MEME Act) is sparking debate throughout the investment world. Inspired by the rise of viral stock movements and meme-driven trading communities, the legislation aims to expand regulatory powers over market behaviors driven by social media.

What does the act include?

Broader definitions of "market manipulation"

New oversight mechanisms for social media platforms influencing financial decisions

Potential penalties for creators of misleading viral content related to stocks or cryptocurrencies

Supporters argue that it is about protecting retail investors from pump-and-dump schemes. Critics warn that it poses a risk of overreach, censorship, and could stifle free speech in online investment communities.

At stake: the future of retail investing, market transparency, and the role of digital communities in shaping financial trends.