TechFlow news, Andrew Kang, co-founder of Mechanism Capital, pointed out that the SEC has so far taken a very hands-off approach toward memecoins, considering $DOGE not worth pursuing.
With the explosive growth of memecoins, it's becoming difficult for the SEC to continue ignoring them. Taking a hardline stance would be political suicide, yet Gensler's position remains unpredictable.
Memecoins could become a major political issue debated on the national stage, setting the foundation for a super parabolic rally.
The rise of memecoins is no longer an indicator of a local top, as memecoins are no longer the last resort for industry appeal. In fact, they are now the sector most favored by new capital allocators—memes have been leading the market, and it's adapt or die.
