Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

SEC regulations support meme coins over actual projects, says Chris Dixon

Source Fxstreet

Current regulations allow meme coins to thrive, while actual projects are being shut down.
Chris Dixon suggests better regulations instead of fewer regulations on cryptocurrencies.
Meme coin category down following Dixon's article.

Chris Dixon, a general partner at crypto fund A16z and author of Read Write Own, wrote in an article on Monday about the growing regulatory actions against crypto projects, stating that crypto regulations must not prioritize memes over matter. Several meme coins are experiencing losses following the article’s publication.

Also read: Solana, Base and AI meme coins rally, are speculative tokens making a comeback?

Regulations favor meme coins

With the continuous spread of lawsuits against crypto bodies, concerns about government regulations have greatly risen, causing much worry about the future of crypto in the US.

In his post, Chris Dixon highlights the absurdity of this US regulatory regime, stating how meme-only tokens are allowed to thrive. At the same time, crypto companies and blockchain solutions face continuous attacks.

He opines that the Securities & Exchange Commission's (SEC) "role is to protect investors; to maintain fair, orderly and efficient markets, and to facilitate capital formation." Dixon decries the SEC's failure to carry out its objectives, especially with digital assets.

"Current regulations encourage platforms to list meme coins and not other, more useful tokens that make it possible for individuals and communities to own internet platforms and services," said Dixon.

Read more: Meme coin madness returns after Bitcoin halving concludes

Meme coins are freely allowed to trend on markets without any regulations against them, yet "more innovative projects struggle."

Following the release of Dixon's article, several meme coins have taken in losses with Dogecoin (DOGE), Shiba Inu (SHIBA), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK) and Floki Inu (FLOKI) all down more than 4%.

Dixon's article follows a response by Eddy Lazzarin, the CTO of A16z crypto, who recently alleged that memecoins are like "a risky casino" in reply to an X post.

Interest in memecoins will come and go, and I'm optimistic that real products/protocols will develop in the end.

But we shouldn't pretend that the casino doesn't set us back. Deterring great founders and giving ammo to politicized regulators has a profound effect. https://t.co/PZNjnSLqfb
— Eddy Lazzarin (@eddylazzarin) April 24, 2024

According to Dixon, the solution isn't fewer regulations on cryptocurrencies but better ones. He suggested "...adding well-tailored disclosures to provide regular investors with more information."

Also read: XRP rallies as Ripple slams SEC for penalties, asks regulator to establish likelihood of future violations

He also suggests regulators should "require long lock-up periods to prevent get-rich-quick schemes."

Several crypto institutions, including Uniswap, Coinbase, Ripple and Consensys, are currently in legal battles with the SEC.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.

Author FXStreet

Aug 22, 2023

Prioritize filling the $27,000 gap and even try higher.

Natural Gas sinks to pivotal level as China’s demand slumps Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It

Author FXStreet

Jul 01, 2024

Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It

Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Author Mitrade

Nov 17, 2025

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

WTI Price Forecast: Seems vulnerable near $90.50 as technical breakdown comes into play West Texas Intermediate (WTI) – the benchmark US Crude Oil price – plummets to a nearly two-week trough during the Asian session on Wednesday in reaction to news that the US and Iran have agreed to a two-week ceasefire.

Author FXStreet

Yesterday 01: 48

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – plummets to a nearly two-week trough during the Asian session on Wednesday in reaction to news that the US and Iran have agreed to a two-week ceasefire.

Gold remains depressed as skepticism over US-Iran truce supports USD Gold (XAU/USD) once again shows some resilience below the $4,700 mark during the Asian session on Thursday, and for now, seems to have stalled the previous day's retracement slide from a three-week high.

Author FXStreet

4 hours ago

Gold (XAU/USD) once again shows some resilience below the $4,700 mark during the Asian session on Thursday, and for now, seems to have stalled the previous day's retracement slide from a three-week high.

Popular Symbols