#MEMEAct Another attempt to regulate the unregulated. A so-called "MEME Act" has appeared 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, demands for the disclosure of completely nonsensical information, and attempts to impose "rules" where chaos and speculation reign. Instead of innovation, we will get another batch of restrictions that will likely only scare off the already cautious market participants.

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