#MEME法案 Regarding this bill, we need to know that at the regulatory level, the SEC explicitly excluded purely entertainment-oriented Meme coins from the category of securities in March 2025, believing that their value relies on market sentiment rather than corporate management efforts. However, it emphasized that securitized projects disguised as Meme coins are still subject to regulation. This position complements the MEME bill, which both regulates the behavior of politicians and leaves space for compliant Meme projects. Market reactions are showing divergence: some investors believe the bill can enhance transparency, but politically related tokens like TRUMP coin still face selling pressure.