Viewpoint: Lawyers believe that the SEC's recent release of memecoin guidance indicates a shift in cryptocurrency regulatory policies

On March 11th, according to CoinDesk, lawyers from Gibson Law Firm stated that the SEC's recent release of memecoin guidance may suggest adjustments to cryptocurrency regulatory policies and even affect the applicability of Howey's testing. The SEC previously issued a statement stating that memecoin should not be considered a security as the funds of its buyers are not concentrated for the development of related projects, and the price depends on market speculation and collective sentiment. This position contradicts the views previously held by the SEC in lawsuits against cryptocurrency exchanges and may affect digital asset trading in all secondary markets. Analysis suggests that this measure indicates that the SEC is gradually moving away from the tough regulatory approach of former chairman Gary Gensler, providing a clearer direction for the development of US cryptocurrency policy.