⇗ Cryptocurrency Rulings and Opinions Stir Market: NOT Coin In the Spotlight
There are major discussions revolving around the status of cryptocurrency. SEC has confirmed that meme coins are not securities. This ruling...
Various cryptocurrencies, such as Dogecoin, SHIB, PEPE are gaining momentum, however, the 'Official Trump Coin' doesn't have the same traction. PEPE Coin's price is projected to recover to its all-time high, but possibly only after another cryptocurrency, Remittix, registers fivefold growth. Former US President, Donald Trump, has reportedly been delivering on his promises related to crypto - including an executive order to establish a strategic Bitcoin reserve.
Still, his moves have allegedly fell short of expectations for many investors. This lack of fulfilment had a notably negative effect as it led to a plunge in Bitcoin's value. On a different note, the SEC has declared that meme coins don't qualify as securities. Despite Dogecoin's 66% pullback, analysis points out this movement is not out of line with previous patterns.
Moving forward, regulators and creators maintained the stance that most meme coins aren't securities and Trump's summit on crypto was announced to have no tax implications. A discussion around whether meme coins contribute to wealth creation or in fact destroy it was also highlighted. Lastly, the article touches on 'Not Coin', its price and market outlook.
NOT Coin News Analytics from Wed, 15 May 2024 02:34:13 GMT to Wed, 12 Mar 2025 18:42:56 GMT - Rating 2 - Innovation -1 - Information 3 - Rumor -2