UK's FCA to Tighten Regulation of Financial Influencers Promoting Meme Coins

The Block reports that the U.K.'s Financial Conduct Authority (FCA) will tighten regulation of financial influencers ("influencers") who promote Meme coins.The FCA has mandated that these influencers must obtain the FCA's designated representative's approval. These measures are designed to ensure that the marketing of financial products is transparent and not misleading to consumers.