Gary Gensler, SEC-Inspired Meme Coins Soar, Beating Dogecoin, Shiba Inu And Floki Gains

Meme coins inspired by the Securities Exchange Commission (SEC) and its chair Gary Gensler have gained significant momentum, beating Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe coin (CRYPTO: PEPE) in gains over the last 24 hours. What Happened: Following the SEC’s recent lawsuits against crypto exchanges Coinbase Inc (NASDAQ:COIN) and Binance, a number of meme coins saw a sharp increase in price.