Mechanism Capital co-founder: SEC's laissez-faire attitude towards Meme coins may trigger political debate

According to TechFlow, Mechanism Capital co-founder Andrew Kang 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 Meme coins, 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.

Meme coins may become a major political issue debated on the national stage and lay the foundation for a super parabola. The rise of Meme coins is no longer an indicator of the local top, because Meme coins are no longer the last level of attractiveness in the industry. In fact, they are the most optimistic industry for new capital allocators, and memes have been leading the market, either adapt or perish.