At the same time as CZ was imprisoned, the SEC issued five serious fraud warnings to investors, and MeMe coin was one of the five fraud warnings.
I often talked about this before. Judging from the various policies issued by the United States, MeMe coins and air coins listed on exchanges in large quantities will definitely be targeted by the SEC. Now the SEC has classified MeMe coins as a scam, and the air coins that have been listed in large quantities recently can only maintain the current market value or continue to raise the price. Since it is classified as a scam, once the project party takes profits, it is probably inevitable to be held accountable. Today, I also saw that some addresses have taken profits to understand the risk avoidance operation.
Maybe the market will continue, but the supervision with the theme of fraud will definitely come. The only question left is who will be responsible, the exchange? The project party with a rat warehouse? But no matter which method it is, it must be retail investors who pay the bill...
To this day, I still remember a sentence from a US government official clearly. If cryptocurrencies want to enjoy the US dollar dividend, they must abide by US rules.
