Castle Island Ventures co-founder: meme fever is largely a response to the US SEC's oppressive regulation

Odaily News Nic Carter, co-founder of Castle Island Ventures, said on his social platform that the meme coin hype is largely a response to the oppressive regulation of the U.S. Securities and Exchange Commission. If the SEC regulates rationally, the market demand for trading meme coins will decrease. Nic Carter also said that just like the past decade, the basic desire to trade meme tokens has always existed.