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International Business Times
International Business Times
Business
Marvie Basilan

NotWifGary: SEC, Gensler's Crypto Crackdown Triggers Emergence Of New Memecoin

SEC Chairman Gary Gensler testifies on budget before a House Financial Services and General Government Subcommittee hearing on Capitol Hill. (Credit: Reuters)

KEY POINTS

  • A small group of Ether users and industry figures are launching $NWG
  • The creators said $NWG's community will be loud enough that politicians can't ignore it
  • The SEC has yet to provide clarity regarding ETH's status as a security

A new crypto memecoin community has just emerged from the fast-evolving digital assets space, but this particular memecoin, unlike others that are usually released for fun, is joining the market with a specific mission: stand against the U.S. Securities and Exchange Commission (SEC) and its chief, Gary Gensler.

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