The controversy surrounding LIBRA, promoted by Argentine President Javier Milei, has sparked renewed debate among crypto experts about the regulation of memecoin markets.<\/p>\n
Coin Bureau co-founder Nick Pakrin told Cointelegraph<\/a> that regulators bear responsibility for Pump & Dump schemes. According to him, the surge in fraudulent coins linked to celebrities and politicians results from a regulatory vacuum created by agencies like the SEC<\/span>.<\/p>\n \u201cThe ecosystem cannot regulate itself. Memecoins cannot remain an unregulated Wild West,\u201d Pakrin emphasized.<\/p>\n<\/blockquote>\n The expert also noted that the fundraising model through ICO<\/span> could have addressed the issue, but SEC measures have made this format nearly impossible.<\/p>\n Chainlink community member Zach Rynes stated that the current situation surrounding memecoins is a direct result of the historical failure and corruption of the Commission and former head<\/a> Gary Gensler.<\/p>\n The current meta of memecoin grifting is a direct result of the historical failure and corruption of Gary Gensler’s SEC.<\/p>\n Over his four year tenure as Chairman of the U.S. SEC, Gensler had the opportunity to establish clear rules and regulations regarding the issuance, custody,\u2026<\/p>\n \u2014 Zach Rynes | CLG (@ChainLinkGod) February 17, 2025<\/a><\/p><\/blockquote>\n \n
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