The SEC says Meme Coins are not securities and will not be treated as such. What does this mean for the crypto industry?

When the most famous man in the world cashes in on a crypto trend, that's a strong top signal. Why it matters: Revenue has been falling for the leading meme-coin platform since the Trump Organization launched the Official Trump (TRUMP) and Melania Meme (MELANIA) coins Jan.

With the dismissal of crypto investigations and enforcement actions and a staff memo on meme coins, the agency is taking a sharply different approach than the previous administration.

Memecoin’s moment may have passed, just after U.S. President Donald Trump cashed in on the frenzy around it. The MAGA chief’s decision in January to launch a memecoin—a digital token which isn’t linked to any kind of underlying business or asset—caused a flurry of interest,

Congress Democrats have introduced a bill in the House to ban top federal officials and their families from issuing or promoting meme coins.