BlockBeats News: On January 20th, Forbes published a column commenting on Trump's issuance of meme coins. Forbes stated that Trump's issuance of meme coins may trigger a constitutional crisis. The report states that although the newly nominated SEC chairman may introduce cryptocurrency friendly policies, the basic legal principles remain unchanged, and the personalities and policy preferences of SEC leaders cannot override established securities laws. The Supreme Court's Howe test has been the cornerstone of securities regulation for 75 years, unaffected by individual government and political appointments. Although the enforcement focus of the SEC may change under the new leadership, its legal obligation to apply the Howe Test remains absolutely unchanged. The enduring framework for evaluating investment plans is independent of any chairman's cryptocurrency friendly stance or industry relations. The report points out that the launch of the TRUMP meme coin has exposed a fundamental tension in contemporary American politics. Although Trump positions himself as a supporter of the cryptocurrency industry and promises to make the United States the "global cryptocurrency capital," the structure and timing of his own digital token project indicate concerns about the fusion of his personal wealth and political power. The concentration of token ownership in companies associated with Trump, coupled with its issuance just before the inauguration ceremony, has raised questions about whether this represents genuine support for cryptocurrency innovation or just a clever attempt to further monetize the presidency.
