SEC Just Kissed Memecoins and Dogecoin Might Crash the ETF Party 🎉🐕

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  • The SEC’s Uyeda finally gave memecoins the unofficial “not a security” stamp. Take that, lawyers!
  • New SEC guidelines and some endless chit-chat with the public will supposedly shape crypto’s Crystal Ball.

Mark Uyeda, the SEC’s Commissioner and acting head honcho for a bit, popped up on CNBC looking like he had just uncovered the secret to why your dogecoin portfolio makes you grin and cry simultaneously. He basically shot down the idea that memecoins, Proof-of-Work assets, and non-interest-paying stablecoins count as “securities.”

“We’ve clarified things like memecoins, stablecoins that do not pay interest, Proof-of-Work (POW), are generally not a security.”

Translation? These assets don’t have those fancy “investment contracts” that make everyone run screaming at the Howey test like it’s a pop quiz you forgot to study for.

SEC Gives Memecoins a Wink and a Nod

Uyeda’s statement was basically an echo—albeit a well-dressed, official one—of the SEC’s staff guidance from February 27. It read like your weird uncle’s disclaimer:

“It is the Division’s view that transactions in the types of meme coins described in this statement, do not involve the offer and sale of securities under the federal securities laws.”

But before you print out “Memecoin Approved” bumper stickers, remember: if some shady character slaps a memecoin label on their scheme to dodge registration while promising you moon-level profits, the SEC will come knocking. And they don’t play.

Meanwhile, a parade of altcoin and memecoin ETFs is standing in the approval line like kids begging for candy. Dogecoin [DOGE] is leading the conga, as usual.

Polymarket (yes, that prediction site) says the odds on the Dogecoin ETF’s approval are a cozy 50/50 by 2025’s end, but only 25% by July. So, basically, it’s a roulette wheel spinning between “yay” and “nay.” 🎰

Crypto Approval Odds

To put it bluntly: neither the SEC nor the market has fully decided whether they’re rolling out the red carpet for DOGE ETFs or tossing them into the doghouse. 🐶

Uyeda wrapped things up by promising that future regulations will be “principle-based,” which sounds fancy and vague—imagine telling your in-laws you’re “principle-based” about family dinners. The real meat on the table will come from the Crypto Task Force’s endless round-table gabfests, where presumably the future of crypto will be pondered over coffee and spreadsheets.

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2025-04-25 08:16