The MEME COIN section has received significant slogans, as the encryption market sentiment has shifted to an unprecedented extreme fear since FTX Fiasco returned by the end of 2022. The US Securities and Exchange Commission (SEC) issued a statement without regulating memes in the future.
How Memecoins just became a collection
The statement of the SEC official explained that MEME COIN based on Internet culture characters such as PEPE TOKEN (PEPE) or Dogecoin (Doge), inspired by Frog, will not be classified as securities because these MEME coins have the same function. Instead, the mainstream memes are considered to be collectible by Shiba Inu, tool coin and that little opponent.
In addition, SEC says that the MEME coin acts as a means of entertainment, social interaction and cultural purposes. As a result, a cryptocurrency who falls into Memecoin transactions under the 1934 Securities and Exchange Act is not obliged to register a transaction.
According to the Hester Peirce, according to the Hester Peirce, according to the Hester Peirce, according to the Hester Peirce, according to the Hester Peirce, according to the Hester Peirce, according to the Hester Peirce, SHIBA INU (SHIB), Dogecoin (DOGE), and PEPE TOKEN (PEPE) are likely to be delivered to CFTC (Commodity Future Trading Commission (CFTC) due to its status as a cultural symbol.
SHIB & DOGE price has not yet found the floor
This positive regulatory development did not immediately affect the expensive meme coin market. However, Shiba inu (Shib) and Dogecoin (Doge) had fallen behind 2% of Bitcoin (BTC) less than $ 80K after two digits of the last night.
Increasing the designated scientific tensions, uncertainty in border tariffs, and large -scale sales to the Bitcoin ETF market contributed greatly to the bears of the two dog coins. The current veteran merchant ALI Martinez expects SHIBA INU (SHIB) to find support of $ 0.00001200.
On the other hand, a scenario that adds a different 0 price of SHIBA INU (Shib) will reinstall the support area to $ 0.0000094 by sending the canine memory. Meanwhile, the largest MEME Coin Asset Dogecoin (DOGE) has spread to less than $ 0.20 for the first time since November 7, 2024.
Dogecoin (Doge) slides at $ 0.1899 at the time of the publication, and continues to fall free even though the cryptocurrency has purchased 550 million top coding coins for 72 hours of cryptocurrency.
on the other way
- The decision to get out of the meme coin regulation raised concerns about market instability.
- If the bar is lowered, it can be easier for fraudulent and very dangerous meme coin projects to start.
Why this is important
The generous position of the US financial regulatory authorities on Crypto requires cooperation with the industry to provide potentially softer adoption opportunities.
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