#MEMEAct

The Meme Economy Act, a hypothetical legislative concept, could regulate the creation, distribution, and monetization of internet memes, impacting platforms like X and cryptocurrencies like Bitcoin. Envisioned as a response to memes' cultural and economic influence, it might impose taxes on meme-based NFTs or crypto tokens, potentially stifling innovation in decentralized finance. As of May 2025, no such act exists, but discussions on X highlight fears of government overreach into digital culture. Bitcoin, trading near $94,000, could face volatility if meme-related tokens are targeted, as they often drive speculative crypto rallies. The act could also spark debates over free speech and intellectual property, reshaping online ecosystems.