#MEMEAct

Recently, the crypto community has been buzzing about the MEME Act — a concept referred to as the “revolution” for meme coins in the market. The MEME Act is not just a bill or regulation, but likened to an effort to elevate meme projects from playful coins to assets with actual value and greater transparency.

In the context of meme coins like $DOGE, $SHIB, or $PEPE attracting billions of USD, the MEME Act emerges calling for these projects to have a clear development roadmap, a strong community, and even to connect with DeFi applications, NFTs, or Web3 platforms. This helps stabilize the meme coin market, reducing the “bumpiness” and limiting the pump & dump situations that leave retail investors at a disadvantage.

However, many people in the crypto space still view the MEME Act as a double-edged sword: on one hand, it helps meme coins mature, while on the other, it could potentially take away the freedom and humor that are the “soul” of these coins.