The recent 'MEME Act' (officially known as the 'Media Freedom Act') passed by the European Parliament has drawn significant attention from the crypto community. While the intention of this act is to combat misinformation and media manipulation, some vague terms may impact the blockchain sector, particularly decentralized content platforms and crypto communities. If platforms are required to be responsible for user content, MEME projects and on-chain creative freedom may be restricted. This not only challenges the freedom of speech in Web3 but may also affect the legitimacy and dissemination of certain crypto assets. We should closely monitor its subsequent implementation to maintain openness and innovation in the crypto world.