#MEMEAct Another attempt to regulate the unregulated. The so-called "MEME Act" has emerged in Congress, aimed at taming the wild world of meme tokens. Why? Obviously, for the "protection of investors" from their own shortsightedness.

Expect more bureaucratic hurdles, requirements for the disclosure of utterly nonsensical information, and attempts to impose "rules" where chaos and speculation reign. Instead of innovation, we will receive yet another dose of restrictions that are likely to deter even the most cautious market participants.

The prospects for this "act" look grim: yet another government intervention that is unlikely to lead to anything good. #MemeTokens #CryptoRegulationFail #USGovernmentOverreach