TechFlow news, October 27 — Nic Carter, co-founder of Castle Island Ventures, shared his view on social media that the current meme coin trading frenzy is largely a market response to the U.S. Securities and Exchange Commission's (SEC) oppressive regulatory regime. He argued that if the SEC adopted a more rational approach, demand for meme coin trading would diminish accordingly.
Carter’s comment was in response to cryptocurrency analyst Omid Malekan’s tweet suggesting Trump’s potential election victory might be detrimental to the meme coin market. Carter added, however, that as has been the case over the past decade, there will always be underlying market demand for meme coin trading.
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