The Securities and Exchange Commission (SEC) has received filings for meme coin exchange-traded funds (ETFs), including those tracking dogecoin (DOGE) and a coin associated with former U.S. President Donald Trump (TRUMP). While meme coins have gained popularity, they lack utility and are seen as less established and legitimate compared to bitcoin and ether. Some industry experts argue that it would be unethical to market these ETFs as prudent investments. However, former SEC Chair Gary Gensler, who recently resigned after Trump became President, had approved several spot bitcoin and Ethereum ETFs and may be more favorable towards meme coin ETFs. The community is divided on the issue, with some finding meme coins fun to trade and others expressing concerns about potential scams.



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