#MEMEAct Why Was the MEME Act Proposed?

Some meme coins are used in scams. People can lose a lot of money if they invest in coins that crash or disappear. The MEME Act #MEMEAct wants to stop fraud and give investors better information before they buy.

How Might This Affect Binance?

Binance is one of the biggest crypto exchanges#CryptoExchange in the world. If the MEME Act#MEMEAct becomes law:

Binance may need to be more careful about which meme coins it lists.