While meme coins have seen a massive resurgence this year, this has raised concerns for certain industry players.
“But my goal here is not to defend or to diminish meme coins. It’s to point out the absurdity of a regulatory regime in the US that lets meme-only tokens thrive – while crypto companies and blockchain tokens with more productive uses face hurdles. He went on to highlight the disparity in regulation, where meme-only tokens can easily launch and trade, while entrepreneurs developing lasting projects face regulatory obstacles. Dixon referred to this as “the computer vs. the casino” distinction, with one culture focused on innovation and the other on speculative trading. He argued for better regulation to protect investors and prevent get-rich-quick schemes.