Securities Commission Chairman Uyeda suggests relaxation of cryptocurrency regulations, opining that memecoins may not be classified as securities.
Dogecoin ETF in the Regulatory Crosshairs
- Share
- Tweet
Benjamin Njiri | Jibin Mathew George
The Securities and Exchange Commission (SEC) has been making waves with its latest stance on memecoins, including Dogecoin (DOGE). According to recent statements, memecoins like DOGE aren't classified as securities and could potentially be eligible for Exchange-Traded Funds (ETFs). Mark Uyeda, the SEC's Commissioner and former Acting Chairman, clarified this in a CNBC interview.
Is the DOGE ETF on the Horizon?
Boom times might be just around the corner for DOGE enthusiasts. With the newfound classification, the door has been opened for ETF applicants. 21Shares has led the charge, filing an S-1 registration statement on April 9, 2025. This move sets the groundwork for the 21Shares Dogecoin ETF, which aims to track the performance of DOGE via the CF Dogecoin-Dollar Settlement Price.
The SEC is reviewing around 72 cryptocurrency-related ETF proposals, including DOGE ETFs. The market, for one, seems optimistic. Polymarket bettors estimate a 64% chance of DOGE ETF approval within 2025. The new SEC chairman, Paul Atkins, could further influence the approval process due to his deregulatory stance.
The Crypto Task Force Paves the Path
As Mark Uyeda moves forward with principle-based regulations, the roundtable discussions led by the SEC's Crypto Task Force will shape the industry's expected framework. These ongoing discussions could prove crucial in shaping the DOGE ETF approval process.
Stay Tuned
While the approval of the DOGE ETF may not be guaranteed, the current regulatory environment seems favorable towards cryptocurrency ETFs. If you're a DOGE holder, it's time to keep track of the evolving situation. In the world of crypto, whatever can happen, will happen!
Enrichment Data:
- As of April 2025, 21Shares has filed an official S-1 registration for a Dogecoin ETF, pending further SEC approvals including Form 19b-4[1][2][5].
- Other firms like Grayscale and Bitwise have also filed for DOGE ETFs[4].
- The SEC currently reviews dozens (72) of crypto ETF proposals, including DOGE[3].
- The new SEC leadership and regulatory stance are relatively favorable to crypto ETFs, with meme coins not considered securities[3][5].
- Market estimates give a roughly 64% chance of Dogecoin ETF approval within 2025[5].
- The approval timeline after the next filing step can extend several months, making approval by July possible but not guaranteed.
- Memecoins like Dogecoin (DOGE) could potentially be eligible for Exchange-Traded Funds (ETFs), as the Securities and Exchange Commission (SEC) considers them not to be classified as securities.
- 21Shares has filed an S-1 registration statement for a Dogecoin ETF, which aims to track the performance of DOGE, setting the groundwork for the 21Shares Dogecoin ETF.
- The SEC is currently reviewing around 72 cryptocurrency-related ETF proposals, including DOGE ETFs, and the market seems optimistic, with Polymarket bettors estimating a 64% chance of DOGE ETF approval within 2025.
- The new SEC chairman, Paul Atkins, could further influence the DOGE ETF approval process due to his deregulatory stance.
- As Mark Uyeda moves forward with principle-based regulations, the roundtable discussions led by the SEC's Crypto Task Force will shape the industry's expected framework, which could prove crucial in shaping the DOGE ETF approval process.
- If you're a DOGE holder, it's time to keep track of the evolving situation, as the current regulatory environment seems favorable towards cryptocurrency ETFs.
- The approval of the DOGE ETF may not be guaranteed, but the timeline after the next filing step can extend several months, making approval by July possible but not guaranteed.
