Mechanism Capital co-founder: memecoin may become an important political issue debated nationwide in the United States

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Cointime2024/05/29 06:52

By:Cointime

Andrew Kang, co-founder and partner of cryptocurrency venture capital firm Mechanism Capital, wrote that so far the US Securities and Exchange Commission has taken a very laissez-faire attitude towards meme coins. They don't think DOGE is worth investigating.

With the rapid growth of meme coins, it will be difficult for the US Securities and Exchange Commission to continue to ignore them. This would be political suicide, but Gensler will never know how it turns out.

Meme coins may become an important political issue of national debate, which will lay the foundation for the appearance of a super parabola.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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