SEC Declares Meme Coins as Collectibles, Completely Stops Regulation

From our friends @ Chain of Thought

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📈 Preview On Today’s News:

1. - SEC Declares Meme Coins as Collectibles, Completely Stops Regulation

2. - Crypto Banking Standoff Continues Under Trump’s Return, Says Caitlin Long 

3. - Swiss Central Bank Rejects Bitcoin as Reserve Asset 

Keep reading below for more!

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Today’s News:

1)

SEC Declares Meme Coins as Collectibles, Completely Stops Regulation

The SEC has decided to stop regulating meme coins as securities, classifying them instead as collectibles. This shift reflects the agency’s view that meme coins are primarily purchased for social or speculative reasons rather than investment purposes. While this move could foster innovation and encourage more meme coin projects, it also raises concerns about increased fraud, as the SEC will no longer enforce securities laws on these assets. However, other agencies like the CFTC may still act against fraudulent activities in the space. The long-term impact remains uncertain, with potential for both growth and heightened risks in the meme coin market.

• The SEC will no longer regulate meme coins as securities, recognizing them as collectibles, which may lead to more innovation and celebrity-driven projects.

• Despite the change, fraud prevention remains a concern, as other regulatory bodies may still pursue enforcement actions against scams in the meme coin space.

2)

Crypto Banking Standoff Continues Under Trump’s Return, Says Caitlin Long 

Despite the perception of a regulatory shift, Custodia Bank CEO Caitlin Long stated at ETHDenver that no substantial changes have been made in U.S. crypto banking policy since Donald Trump's return to the White House. Long emphasized that federal banking agencies have not reversed anti-crypto guidance, maintaining that banks handling digital assets are deemed "unsafe and unsound." She called for appointing a new FDIC chair to modernize banking regulations, citing former chair Martin Gruenberg’s resistance to change over the past 15 years. While the SEC has shown a policy shift by forming a Crypto Task Force and overturning restrictive measures like Staff Accounting Bulletin 121, Long remains hopeful that similar advancements will occur in banking regulations, particularly with stablecoin legislation ensuring stronger consumer protections.

• Caitlin Long stated that no regulatory improvements have been made in U.S. crypto banking despite Trump's return, as banks remain restricted from handling digital assets.

• While the SEC has shown a shift in approach, Long called for new leadership at the FDIC and stronger stablecoin regulations to protect consumers and modernize banking policies.

3)

Swiss Central Bank Rejects Bitcoin as Reserve Asset 

Swiss National Bank (SNB) President Martin Schlegel has dismissed the idea of making Bitcoin a reserve asset, citing its volatility, liquidity concerns, and security risks. His stance directly opposes a proposal from Swiss Bitcoin nonprofit think tank 2B4CH, which seeks to mandate Bitcoin holdings on the SNB’s balance sheet. Schlegel emphasized that Bitcoin's instability makes it unsuitable for preserving the value of national reserves and that its reliance on software exposes it to potential bugs and vulnerabilities. Despite Switzerland's strong Bitcoin adoption, especially in Lugano, Schlegel sees crypto as a niche phenomenon and does not perceive it as a competitive threat to the Swiss franc. Meanwhile, 2B4CH's proposal requires 100,000 signatures by June 30, 2026, to trigger a public referendum.

• SNB President Martin Schlegel rejected Bitcoin as a reserve asset due to concerns over volatility, liquidity, and security risks, opposing efforts to mandate its inclusion.

• Swiss Bitcoin nonprofit 2B4CH aims to gather 100,000 signatures by June 30, 2026, to push for a public referendum on Bitcoin’s reserve status.

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