The MEME Act (Meme Currency Support for Commerce Act) is a proposed bill in the US that aims to exempt certain "meme coins" from securities regulations. Here are the key points:

- *Definition of Meme Coins*: The bill defines meme coins as digital assets inspired by internet trends, jokes or cultural references, with no expectation of profit based on others' efforts.

- *Exemption from Securities Regulations*: Meme coins would be exempt if they meet specific conditions, such as no promoter involvement, no reliance on others' efforts for profit, and no marketing for investment or profit.

- *Impact on the Market*: The bill could lead to increased adoption and trading of meme coins, potentially boosting their value.

- *Regulatory Clarity*: The bill aims to provide clarity on the regulatory status of meme coins, reducing uncertainty for investors and developers.

The MEME Act is still a proposed bill, and its future is uncertain [1].

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