Opinion: Lawyer believes SEC's recently issued memecoin guidance signals a shift in cryptocurrency regulatory policy

BlockBeats News, March 11th, according to a CoinDesk report, a lawyer from the Gibson Dunn law firm stated that the SEC's recently issued memecoin guidance may imply that it will adjust its cryptocurrency regulatory policy, and may even affect the applicability of the Howey Test.

Previously, the SEC issued a statement saying that memecoins generally should not be considered securities because their purchasers' funds are not pooled for the development of a related project, and their price relies on market speculation and collective sentiment. This position is contradictory to the SEC's previous stance in lawsuits against cryptocurrency exchanges and may affect the trading of digital assets on all secondary markets. Analysts believe that this move indicates that the SEC is gradually moving away from the tough regulatory approach of former Chairman Gary Gensler's era, bringing a clearer development direction to U.S. cryptocurrency policy.