Several leading figures such as Jack Dorsey, Elon Musk, Cathie Wood and even former U.S. President, Donald Trump, have sparked discussions around cryptocurrency especially the meme coins.
Dorsey suggests that Bitcoin's success is dependent on it being adopted for everyday use, while
Musk confirmed that there are no plans to utilize Dogecoin by the US government.
Cathie Wood has warned of the risks associated with meme coins, labeling them as the worst investments.
Trump's involvement with crypto sparked debates over ethical concerns as reports emerge of his potential venture into launching a meme coin. Amid these discussions, SEC clarified their stance, stating that most stablecoins and meme coins are
'akin to collectibles,' thereby not being subject to federal securities laws. This signified a shift in SEC’s perspective and potentially impacts the regulation path for similar digital assets in the future. The narrative around meme coins continued with discussions arguing that these don't create wealth but destroy it. Amid the chatter around meme coins, South Carolina won the No. 1 seed in SEC tournament following a coin flip. The interesting facet that emerged out of discussions revolves around
'NOT Coin'. Despite a price decline of 20%, experts suggest that a breakout might be on the horizon for this meme coin. Overall, the discourse around cryptocurrencies, particularly meme coins, has seen significant developments.
NOT Coin News Analytics from Wed, 15 May 2024 02:34:13 GMT to Tue, 08 Apr 2025 13:00:04 GMT -
Rating 4
- Innovation -2
- Information 5
- Rumor -6
