The U.S. Securities and Exchange Commission (SEC) has recently shifted its approach to cryptocurrency regulation, particularly regarding memecoins. Under the leadership of President Trump, the SEC has closed or withdrawn investigations into several prominent crypto firms, including Coinbase, Robinhood, and Uniswap, without taking enforcement actions. This marks a notable retreat from previous aggressive stances on cryptocurrency oversight. Commissioner Crenshaw criticized the SEC's latest position on memecoins, labeling it a loophole that allows issuers to evade securities laws. The SEC's actions come amid a broader regulatory shift, with the agency's Democratic member expressing concerns that these moves could undermine its enforcement capabilities. In total, over five investigations into crypto companies have been closed in the past month, indicating a significant change in the SEC's regulatory posture.