The U.S. securities regulator has a lot of work to do, which is part of the reason it decided to clear the meme coins question off its agenda last week, commissioner Hester Peirce, the chair of the agency's crypto task force,

As the cryptocurrency market rebounds from a bearish market thanks to the unexpected announcement by US President Trump of the upcoming establishment of the US Crypto Reserve, the Securities and Exchange Commission is revising its crypto policy.

The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from