SEC clarifies its stance, stating that
most meme coins are not subject to securities regulation. This means that these Coinbase will not have to adhere to the same stringent rules that come with regulating securities.
Bitcoin, for instance, is labeled as a
strategic asset, thus excluding it from being XRP. In contrast, Solana's largest protocol, Jito, maintains that its token is not a security either.
Despite this, some experts assert that cryptocurrencies are unlikely to recover before the US equities market. Contrastingly, BTFD bulls anticipate a significant surge, especially as their presale nears its end — they've managed to ride an impressive 3650% increase. Uncertainty remains with the SEC's stance, causing Reddit debate on whether to
sell or hold Bitcoin.
Coinbase has felt the brunt of this uncertainty, seeing its shares tumble. Simultaneously, the establishment and implementation of a
strategic Bitcoin reserve have caused Bitcoin's price to plunge.
In other news, Melania Trump has forayed into the crypto sphere, launching her own meme coin. However, her husband's coin, which made close to $100m in trading fees, hasn't received a warm reception — instead, it's being referred to as a dangerous scam.
Notcoin (NOT) has had a varied performance; despite shedding 20% in value, experts believe a breakthrough is imminent. However, a 30% price drop has seen Notcoin holders begin to jump ship, suggesting overall faith in the coin’s stability might be wavering.
NOT Coin News Analytics from Thu, 16 May 2024 07:00:00 GMT to Wed, 19 Mar 2025 09:15:00 GMT -
