Castle Island Ventures Co-founder expressed enthusiasm for MEME: This is largely a response to the oppressive regulation of the US SEC.

BlockBeats News, on October 27th, Nic Carter, Co-founder of Castle Island Ventures, stated on his social media platform that the meme coin frenzy is largely a response to the oppressive regulation by the US Securities and Exchange Commission (SEC); if the SEC regulates rationally, the demand for meme coin trading in the market will decrease. Nic Carter also stated that, like the past decade, the underlying desire to trade memecoins has always been present.