Memecoins aren’t securities, the agency said on Thursday.

Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin and other majors to reverse losses from earlier in the week.

Donald Trump did not mention crypto during his inauguration speech, leaving crypto traders’ heightened expectations somewhat unfulfilled.

On-chain veri shows that wallets likely controlled by members of Trump’s entourage have absurd paper holdings.

BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.

Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account

“It’s the stock market for the people. SPX6900 is for you, your children, and countless generations after,” a manifesto on SPX6900’s site reads.