The SEC has announced a major shift in its stance on meme coins, stating that most of these digital currencies are not securities and therefore do not qualify for federal investor protection. The SEC’s decision could have significant implications for the market, as it opens up new trading dynamics and raises concerns about potential regulatory uncertainty. 2025 saw the SEC conclude that transactions in popular meme coins like Dogecoin and Shiba Inu don’t fall under the definition of a security. This move has sparked debate within the commission itself, with Commissioner Caroline Crenshaw expressing her dissent, arguing for greater clarity and consistency in regulations for these assets.