Summary
- The launch of the meme coin by the Trump family is said to increase the possibility of SEC regulation.
- It was explained that the meme coin blurs the lines between entertainment, politics, and finance, making SEC's choice important.
- It was reported that SEC needs to prevent meme coin speculation to reduce regulatory uncertainty.
On the 21st (local time), cryptocurrency specialist media Cointelegraph cited multiple industry insiders to analyze that the launch of a meme coin by the family of Donald Trump, the former President of the United States, could actually lead to increased regulation by the U.S. Securities and Exchange Commission (SEC).
Anndy Lian, a cryptocurrency expert, commented on this, saying, "The launch of a meme coin by a president has blurred the lines between entertainment, politics, and finance," and explained, "As a result, the SEC is now in a position where it must decide whether to strengthen regulations further or to adapt to reality by providing clearer guidelines."
Furthermore, Steve Milton, former Vice President of Global Marketing at Binance, emphasized, "The Trump family's meme coin is both a step forward and a step back for cryptocurrency," adding, "The Trump era is marked by a banner of innovation and competition in America, but if the involved party launches a meme coin, the gray area (regulatory gap) will widen."
He also added, "Speculation due to meme coins is one of the areas the SEC needs to prevent," and "In such a situation, if a president issues a meme coin, regulatory uncertainty may only increase."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"](https://media.bloomingbit.io/PROD/news/ddf35c9e-c582-4b4d-95b6-0c5b1673198d.webp?w=250)
