SEC’s Crypto Crackdowns Could Stifle Meme Coins Dogecoin, Big Eyes Coin, And Shiba Inu

The US Securities and Exchange Commission has recently been doing some crypto crackdown, filing a lawsuit on a few companies in its effort to regulate crypto. It ultimately compelled them to throw in the towel. Such regulatory measures are indicative of a rising sense of urgency for government bodies to mitigate the risks inherent in cryptocurrencies. These measures likely mark the onset of a protracted legal confrontation as regulators strive to address the market upheaval that has resulted in the failure of prominent crypto firms and the loss of billion-dollar investment funds.

Without a doubt, the crypto industry is all for its investors' safety, beyond capital gains. But, over-regulating the crypto or implementing a regulation that lacks a unifying framework simply due to an insufficient grasp of the concept may hamper its growth. It could ultimately affect meme coins Dogecoin, Shiba Inu, and Big Eyes Coin.

SEC's Limited Understanding Of Crypto Nature

SEC Chair Gary Gensler spoke at the Penn Law Capital Markets Association Annual Conference on Tuesday about the strength of US capital markets, citing investor faith and effective regulation against fraud and manipulation. Some US-based crypto companies are reportedly considering moving due to inconsistent regulations.

The cryptocurrency industry has suffered due to crypto regulations where some government bodies have limited understanding of its intricacies and nature. The inconsistent frameworks and regulations resulted in the demise of some crypto markets. Collaboration among governing bodies is needed to comprehend crypto assets and devise comprehensive solutions to the issues.

Big Eyes Coin: Not Your Run-in-the-Mill StartUp

At the Penn Law Conference, SEC Chair Gensler cautioned that ads and hype don't necessarily indicate credibility. However, the Big Eyes Coin (BIG) team begs to differ, pointing to its growing popularity and user base as proof of trust and confidence.

The BIG community welcomes improved government regulations that benefit both the industry and individual cryptocurrencies, allowing for innovation and growth. With less bureaucracy and lower fees, BIG aims to continue delivering substantial returns and making its users happy. Big Eyes Coin has launched its Big Eyes Loot NFT trading cards for Kitty Cuddlers on OpenSea, as well as a $BIG competition where two token holders can win $100K! The team aims to generate massive wealth for everyone and claims that the BIG platform is not a pump-and-dump scheme.

Many Kitty Cuddlers understand that the $BIG pooled funds will not only ensure massive ROI for everyone, but a portion of the money goes to helping the environment and society. The BIG community is active in cooperation with charitable organizations, including The Malala Fund, Big Cat Rescue, The Fruit Tree Planting Foundation, and many others.

Better Regulations — A Boon For Dogecoin And Shiba Inu

The influence of improved government regulations on the popular cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), cannot be understated. Clear and consistent regulations may contribute to an increased confidence level among investors, which could lead to a greater rate of adoption and utilization of these digital assets. This heightened demand may have a positive effect on the value of these cryptocurrencies.

Moreover, appropriate regulatory measures may serve as a means of protecting against fraudulent activities and manipulation of the market, further enhancing investor confidence. However, it is essential to note that overly restrictive or cumbersome regulations could impede the innovation and growth of crypto within its rapidly-evolving industry.

Crypto Regulation Undermine Innovation

Crypto regulation can protect assets and prevent financial crimes, but a lack of a unifying framework and over-regulation can stifle innovation and lead to companies relocating. If it continues to hinder the potential of cryptocurrency — especially as it's prevalent in the US and UK — companies may have to move their businesses elsewhere.

Big Eyes Coin: Your Road to Riches

Big Eyes Coin is far from the pump-and-dump cryptos; it ensures huge gains and security for all its investors. Follow the below pages to learn more about BIG today.

Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL