SEC regulations encourage creation of Memecoin NotWifGary
A group of cryptocurrency enthusiasts We have launched a decentralized memecoin called NotWifGary (NWG). We oppose the Securities and Exchange Commission (SEC) investigation into the cryptocurrency industry.
Cited by Marco Monaco and 11 NWG members “Regulatory uncertainty” affecting Ethereum as a driving force for the project.
Monaco described the project as follows: Forms of peaceful activity It’s an effort to engage the community and spark discussion through meme culture.
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The creators imagine: A future where the NWG will have a treasury and a decentralized autonomous organization (DAO). Companies facing legal challenges can seek financial assistance from the Treasury. But for now, the main goal is to launch memecoin.
The NWG project announced that it would become NWG. It was introduced in “the most decentralized way possible, with a truly fair rollout.” All 12 project supporters have revealed their identities and their entire token allocation will be placed in a pool.
The NWG website represents Memecoin. It will be launched as an ERC-20 token by Linea. It is managed by a multi-signature wallet held by the original project supporters.
The SEC’s recent regulatory actions It has created a challenging environment for the cryptocurrency industry. Actions include Wells’ notices to Robinhood and Unicorn Swap, a $1.95 billion fine on Ripple, and a lawsuit against Coinbase.
NotWifGary’s announcement came on the same day (May 16). The U.S. Senate passed a resolution calling on the SEC to repeal the rule. This required banks to list their customers’ digital assets on their balance sheets.
As the SEC continues its rigorous oversight, initiatives like NWG’s highlight the industry’s need for balanced regulation that supports innovation without stifling growth.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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