#MEMEAct The proposal of the MEME Act by Senator Chris Murphy, which seeks to prohibit politicians and their families from launching or promoting memecoins, could have giant effects on the global market if approved.
In the short term, we are likely to see a sharp decline in memecoins associated with political figures, such as Trump Coin, and a flight of speculative capital towards more solid projects. Additionally, it could increase institutional investors' distrust in high-risk assets, causing a temporary correction in the memecoin market.
In the long term, this law could signal the beginning of a wave of global regulations aimed at curbing crypto hype. But, beware! It could also clean up the ecosystem, eliminating scams disguised as “viral projects” and strengthening cryptocurrencies with real utility.
What’s the result? Less noise, more quality… but also less speculative madness that attracts so many.
Could this be the beginning of a more mature crypto market?