Castle Island Ventures co-founder: meme fever is largely a response to the US SEC's oppressive regulation

 Nic Carter, co-founder of Castle Island Ventures, stated on his social media platform that the meme coin frenzy is largely a response to oppressive regulation by the US Securities and Exchange Commission (SEC). If the SEC regulates rationally, the demand for trading meme coins in the market will decrease. Nic Carter also stated that, like in the past decade, the fundamental desire to trade meme tokens will always exist.