- The US SEC has rescinded a series of proposed rules introduced under the previous administration.
- With the regulatory scenario improving, projects like Bitcoin Pepe stand to gain.
- Bitcoin Pepe’s presale has raised over $14 million in its ongoing presale.
Bitcoin has tumbled closer to the psychologically significant $100,000 mark, dealing a blow to traders who had been anticipating a breakout to new all-time highs.
The drop came after Israel launched a series of airstrikes on Iran, further escalating geopolitical tensions in the region.
Explosions were reported in Tehran at 22:50 UTC on Thursday, shortly before Israel took responsibility for the strikes.
Bitcoin reacted swiftly, falling 2.8% from $106,042 to $103,053 within 90 minutes.
Despite the mounting uncertainty, there is a notable development on the regulatory front.
The US Securities and Exchange Commission has withdrawn a set of proposed rules introduced under the Biden administration — a move that could signal a shift in the agency’s approach to crypto regulation.
With the regulatory scenario improving, projects like Bitcoin Pepe stand to gain from the increased visibility.
SEC scraps Biden-era rules
The US Securities and Exchange Commission has formally rescinded a series of proposed rules introduced under the Biden administration, including two key measures targeting crypto custody and exchange oversight.
In a statement issued Thursday, the SEC said it was “withdrawing certain notices of proposed rulemaking” that had been floated between March 2022 and November 2023, during the tenure of former Chair Gary Gensler.
The agency clarified that it “does not intend to issue final rules with respect to these proposals,” but left the door open to revisit the issues with new proposals in the future.
The move marks the latest regulatory rollback under President Donald Trump, who has signaled a broad push for deregulation across both digital assets and traditional markets.
“Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals,” Coinbase chief legal officer Paul Grewal wrote on X, applauding the development.
Bitcoin Pepe can ride the broader momentum
The increasing regulatory clarity is expected to bring much-needed visibility to the broader altcoin and meme coin markets, potentially reshaping investor perception of these assets.
As oversight improves, the shift from pure speculation to more credible, utility-driven narratives within the digital asset ecosystem could accelerate.
This evolving landscape may lend legitimacy to technically ambitious projects like Bitcoin Pepe, which are attempting to bridge the gap between meme-driven appeal and real-world functionality.
By combining infrastructure innovation with cultural relevance, such projects stand to benefit as the market begins to reward substance alongside sentiment.
Unlike many meme tokens that depend entirely on momentum and community-driven hype, Bitcoin Pepe distinguishes itself with a defined technical roadmap and an infrastructure-focused approach.
Backed by this more structured narrative, the project has already raised over $14 million in its ongoing presale, with a listing announcement scheduled for June 17.
