The MEME Act is a proposed law in the U.S. that seeks to regulate financial markets, including cryptocurrencies. Although it is not solely focused on "memecoins," it could directly impact tokens like DOGE, SHIBA, PEPE, etc.
What does this mean for the crypto space?
⚖️ More regulation: How speculative tokens are launched and promoted will be controlled.
🛡️ Investor protection: Aims to prevent scams and manipulations like the famous "pump & dump."
🔎 More transparency: Token creators may have to publicly identify themselves.
⛔ Possible hindrance to innovation: Some fear this could limit creative and decentralized projects.
In summary: the MEME Act could clean up the market, but also hinder the community and meme-based crypto culture.
