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

Odaily Planet Daily reported that Nic Carter, co-founder of Castle Island Ventures, stated on his social media platform that the meme coin speculation craze is largely a reaction to the oppressive regulation by the U.S. Securities and Exchange Commission (SEC). If the SEC were to regulate rationally, the demand for trading meme coins would decrease. Nic Carter also noted that, as in the past decade, the fundamental desire to trade meme tokens has always been present.

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