According to TechFlow, Andrew Kang, co-founder of Mechanism Capital, pointed out that the U.S. Securities and Exchange Commission (SEC) has taken a very laissez-faire attitude towards Meme coins, and they believe that $DOGE is not worth pursuing.
With the super growth of Memecoin, it is difficult for the SEC to continue to ignore it. If the SEC takes a tough approach, it will be political suicide, but it is difficult to predict Gensler’s attitude.
Memecoins could become a major political issue debated on the national stage and set the stage for a super parabolic rally. Memecoin rallies are no longer an indicator of a local top because memecoins are no longer the last tier of appeal for the sector. In fact, they are the most bullish sector for new capital allocators and memes have been leading the market, adapt or die.