#MEMEAct

The MEME Act (Market Efficiency and Modernization for Equity) has been introduced to address the volatile trading of meme stocks and enhance market transparency. Sparked by retail investor surges on platforms like Reddit, the act aims to curb market manipulation and protect retail investors from extreme price swings. Key provisions include stricter reporting requirements for short sellers, real-time data access for all investors, and regulatory oversight of social media-driven trading. Lawmakers emphasize that while innovation and public participation are vital, so is market fairness. The MEME Act marks a significant move to modernize market infrastructure amidst evolving investor behavior.