In recent developments, President Donald Trump's return to office has significantly impacted the crypto landscape. Bitcoin reached a new all-time high above $109,000, driven by anticipated regulatory shifts. An executive order established a working group to review digital asset regulations and consider creating a national bitcoin reserve. The SEC, under new leadership, has softened its approach, encouraging the filing of numerous applications for crypto ETFs, including those for riskier assets like leveraged MEME coin ETFs. 

However, the introduction of memecoin ETFs has sparked concerns over speculative trading. Critics liken these instruments to gambling rather than investment, highlighting the high volatility