The article explores the dramatic rise in popularity of meme coins, highlighting their journey from a niche joke to a major speculative asset class, with references to public figures like President Trump.

The article discusses the SEC's new guidance impacting cryptocurrency firms, specifically regarding meme coins, while also noting bitcoin's recent price fluctuations.

The SEC has declared that most meme coins do not classify as securities under federal law, highlighting their limited use and functionality. This development is seen positively in the crypto community for fostering investment.

Rep. Sam Liccardo of California proposes a ban on top government officials from issuing meme coins, amidst a dip in bitcoin values.