Shiba Inu Stalls as SEC Puts Meme Coin ETF Under Microscope—What’s Next for DOGE’s Rival?
The meme coin circus takes a regulatory detour as Shiba Inu (SHIB) gets left in the dust—while its top rival faces SEC scrutiny. Here’s why traders are watching this ETF review like a hawk.
### When Meme Meets Regulation
No bark, no bite: SHIB’s price action flatlines as the SEC kicks off its ETF evaluation process for an unnamed meme coin (wink, wink). Meanwhile, the ‘Dogecoin killer’ keeps dodging volatility—stuck in purgatory while regulators play gatekeeper.
### The ETF Waiting Game
Approval odds? Slim. Market impact? Massive. A green light could legitimize meme coins overnight—or prove they’re just casino chips for crypto bros. Either way, Wall Street’s suddenly very interested in your degenerate gambling habits.
### Cynical Finance Jab of the Day
Nothing says ‘mature asset class’ like the SEC debating whether to approve a fund for tokens born from Twitter memes and Elon Musk’s dad jokes. Stay classy, crypto.
