Castle Island Ventures co-founder: The meme craze is largely a reaction to the oppressive regulation by the U.S. SEC

ChainCatcher news, Nic Carter, co-founder of Castle Island Ventures, stated on his social platform that the hype around meme coins is largely a reaction to the oppressive regulation by the U.S. Securities and Exchange Commission. If the SEC regulates rationally, the demand for trading meme coins in the market will decrease.

Nic Carter also mentioned that, just like in the past decade, the fundamental desire to trade meme tokens has always been present.