Tag Archives: sec

Dogecoin Holders Mark 4/20 ‘Dogeday’ as SEC Reviews ETF Applications

Dogecoin Holders Mark 4/20 ‘Dogeday’ as SEC Reviews ETF Applications

Dogecoin holders marked April 20 as “Dogeday,” a community-driven celebration that started in 2021 and coincides with International Weed Day. The date has become an annual event for the Dogecoin community, which has maintained its presence in the cryptocurrency market despite criticism over its lack of utility and inflationary structure.

Currently valued at $23.3 billion, Dogecoin ranks as the eighth-largest cryptocurrency by market capitalization. It adds roughly 14.4 million new coins into circulation each day, resulting in a daily inflation of over $2.16 million. That amounts to an annual addition of around 5 billion coins. These tokenomics have drawn criticism but also appear to contribute to the coin’s retail appeal by keeping prices relatively low, often under $1.

Anndy Lian, a blockchain expert, says Dogecoin’s popularity is supported by community enthusiasm, low entry barriers, and speculative interest. He explained that the coin’s inflationary supply keeps it accessible for everyday investors and that its meme-driven identity resonates with a younger, internet-focused demographic.

The coin’s appeal remains mostly rooted in online culture, with little underlying blockchain utility. Meme coins like Dogecoin typically rise in popularity due to social media engagement and hype. In November 2024, Dogecoin briefly surpassed Porsche in market capitalization, following a series of public endorsements from Elon Musk, further fueling retail interest.

As Dogeday celebrations took place, attention within the Dogecoin community also turned to the status of four pending exchange-traded fund (ETF) applications related to DOGE. These include proposals from Bitwise, Grayscale, 21Shares, and the Osprey Fund.

Both Bitwise and Grayscale’s Dogecoin ETF applications are under SEC review, with final decisions due by October 2025

Applications from 21Shares and Osprey are still in early stages, awaiting movement on their initial 19b-4 filings. No specific decision dates have been announced for either of those proposals.

While the future of DOGE ETFs remains uncertain, Dogecoin’s market presence continues to be shaped by its online community, speculative appeal, and visibility in broader conversations about crypto investment products. As the SEC’s deadlines approach, the outcome of these ETF applications is being closely watched by both investors and industry observers.

 

 

Source: https://finance.yahoo.com/news/dogecoin-holders-mark-4-20-011215159.html?guccounter=1

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Trump family memecoins may trigger increased SEC scrutiny on crypto

Trump family memecoins may trigger increased SEC scrutiny on crypto

The Trump family’s recently launched memecoins may invite more regulatory scrutiny from the US Securities and Exchange Commission, presenting new challenges for the cryptocurrency space.

President Donald Trump launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network, ahead of his presidential inauguration on Jan. 20.

While the memecoins attracted significant retail interest, they may pose regulatory challenges for the wider cryptocurrency industry and draw further scrutiny from the SEC.

The presidential memecoin launch sets a “precedent that could blur the lines between celebrity, politics and finance,” according to Anndy Lian, author and intergovernmental blockchain expert.

This may challenge the SEC’s approach to crypto regulation in 2025, Lian told Cointelegraph:

“The question now is whether the SEC will tighten regulations to curb potential market manipulations or if they will adapt to this new reality by establishing clearer guidelines for such tokens.”

“The risk here is that without stringent oversight, the market could be flooded with similar tokens, potentially leading to volatility, scams or even undermining the credibility of cryptocurrencies,” Lian said.

While some crypto industry insiders see this as a new era for memecoins, their token allocations have raised red flags among investors, considering that nearly 90% of the Melania token supply was in a single wallet, Bubblemaps said in a Jan. 19 X post.

This is in contrast with the official website shared by Mrs. Trump, which claimed that 35% of the tokens had been distributed to the token’s team, while 20% were allocated to both the treasury and the community, with 15% offered to the public and 10% set aside for liquidity.

Political memecoins: A legal gray area for the crypto industry

The Trump family’s newly launched memecoins present a unique gray area for US regulators.

While the Trump administration has signaled a more crypto-friendly regulatory stance, similar memecoins present additional challenges, according to Steve Milton, CEO of the Fintopio CeDeFi wallet app and former global vice president of marketing and communication at Binance.

The Trump family memecoins are a “step forward and backward” for the industry, Milton told Cointelegraph.

“The US needs understanding and cooperative regulators to push innovation and competition, and that’s what the new Trump era will usher in,” he said. “But the same person launching a memecoin for expressing support for ideals leads to a growing gray area.”

Memecoin-fueled retail speculation is “precisely the king of activity the SEC is tasked with mitigating,” meaning that this memecoin launch could “exacerbate regulatory uncertainty” in the short term, Milton added.

On the bright side, both of the presidential family’s memecoins have attracted new retail investors to the crypto space, according to Ryan Lee, chief analyst at Bitget Research.

The memecoins have invited new “speculative demand and market liquidity,” the analyst told Cointelegraph.

“The launch has also drawn new investors into the space, with many entering via the Moonshot platform, indicating its broad appeal,” he said. “The broader impact suggests that celebrity-backed tokens could reshape market trends, drawing in fresh capital and further integrating blockchain with mainstream audiences.”

Meanwhile, the TRUMP token is down more than 49% from its peak of $75.35, reached on Jan. 19. The token fell over 24% in the past 24 hours, CoinMarketCap data shows.

 

Source: https://cointelegraph.com/news/trump-memecoins-sec-regulatory-challenges

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

SEC Shake-Up: Trump Nominates Pro-Crypto Atkins, Gensler Leaves Enforcement Bombshell

SEC Shake-Up: Trump Nominates Pro-Crypto Atkins, Gensler Leaves Enforcement Bombshell

The U.S. Securities and Exchange Commission (SEC) faces a critical juncture as President-elect Donald Trump nominates former SEC Commissioner Paul Atkins, known for his pro-cryptocurrency stance, to replace Chair Gary Gensler. Gensler, in a strategic move before his departure, has bolstered the SEC’s crypto enforcement division, setting the stage for a potential shift – or clash – in how digital assets are regulated in the United States.

Trump Nominates Crypto Advocate Atkins

President-elect Trump nominated Paul Atkins, a former SEC Commissioner (2002-2008) and recognized expert in financial regulation, to head the agency. Atkins, then CEO of Patomak Global Partners and co-chair of the Chamber of Digital Commerce’s Token Alliance, had publicly advocated for transparent, growth-oriented policies for digital assets.

Trump emphasized Atkins’ commitment to “common-sense regulations” and his recognition that “digital assets and other innovations were crucial to making America greater.”

Atkins’ background as a former regulator and his role in the digital commerce space positioned him as a credible authority. This expertise lent weight to expectations that his leadership could foster a more collaborative relationship between the SEC and the cryptocurrency industry.

Intergovernmental blockchain expert Anndy Lian noted the nomination’s significance, stating that Atkins’ “well-documented deregulatory stance and market-friendly approach” from his prior SEC tenure “could signal a shift in the SEC’s regulatory priorities, particularly in areas like cryptocurrency and fintech, where the current administration has taken a more aggressive enforcement posture,” Lian said.

Gensler Bolsters Crypto Enforcement Before Exit

Despite the anticipated change, outgoing SEC Chair Gary Gensler moved to ensure the agency’s aggressive enforcement posture continued. John Reed Stark, a former Chief of the SEC’s Office of Internet Enforcement, revealed on social media platform X that Gensler had quietly promoted three senior crypto-enforcement lawyers to key executive positions.

Stark described these promotions as “unprecedented and signaled that the SEC’s crypto enforcement efforts would continue unabated, even with impending leadership changes.”

Gensler’s tenure was characterized by aggressive actions against major cryptocurrency exchanges and token issuers, alleging unregistered securities offerings and other violations. The SEC’s moves suggested an intent to maintain this approach.

Regulatory Clash Looms: Atkins’ Deregulatory View vs. Strengthened Enforcement

The contrasting approaches of Atkins and Gensler set the stage for a potential clash within the SEC. Atkins’ deregulatory stance appeared at odds with the reinforced enforcement division left by Gensler, creating uncertainty for the future of U.S. crypto regulation.

“The dynamic between Atkins and the newly promoted crypto-enforcement leaders will be critical to watch,” Lian observed. “Will there be a clash of priorities, or will Atkins find a way to balance his deregulatory philosophy with the enforcement momentum already in place? Either way, the crypto industry should brace itself for a continued battle.”

The transition from Gensler to a potentially Atkins-led SEC marked a pivotal moment for the cryptocurrency industry. The outcome would significantly impact the future of digital assets in the U.S. and could have global ramifications for the broader crypto market.

 

Source: https://news.shib.io/2024/12/05/sec-shake-up-trump-nominates-pro-crypto-paul-atkins-gensler-leaves-a-final-enforcement-bombshell/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j