**Exciting Developments for Shiba Inu: A Push for SHIB and BONE in the U.S. Digital Asset Reserve!**
The Shiba Inu team is eager to see SHIB and BONE included in the newly announced U.S. digital asset reserve. Recently, the SEC clarified that meme coins like SHIB are not classified as securities under federal law, which is great news for the community! The Shiba Inu ecosystem team has officially requested that SHIB and BONE be part of this strategic reserve, especially after U.S. President Donald Trump announced the creation of a national crypto stockpile that includes top assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP (XRP).
Lucie, the marketing lead for the Shiba Inu team, expressed her enthusiasm for this initiative, calling it a positive step for the entire cryptocurrency industry. She also shared her hopes that the U.S. government will consider adding SHIB and BONE to the reserve in the future. “Great news for crypto! Hopefully, in the near future, we will see SHIB and BONE join this list,” she tweeted.
Just like other national reserves, the digital asset reserve will involve the government purchasing and holding certain cryptocurrencies, which could enhance their credibility and value. David Sacks, the White House AI & Crypto Czar, confirmed Trump’s directive, noting that this initiative aligns with Executive Order 14178. Sacks emphasized that Trump aims to position the U.S. as a global leader in cryptocurrency. This government backing of major digital assets has sparked speculation that other tokens, including SHIB, might be added in the future.
In another positive development, the SEC has clarified that both Shiba Inu and Dogecoin (DOGE) are not considered securities under federal law. The SEC’s Division of Corporation Finance explained that meme coins, driven by social media excitement and speculation, lack the investment characteristics that would classify them as securities. Unlike traditional securities, these meme coins do not guarantee returns based on management efforts or company profits. This means that transactions involving these tokens do not need to be registered with the SEC, and federal securities laws do not protect their owners. However, it’s important to note that fraudulent or misleading promotions of meme coins could still lead to legal consequences.
This clarification offers some regulatory relief to SHIB holders, although it doesn’t necessarily guarantee market optimism. It also suggests that Shiba Inu and similar assets will not be subject to the same strict regulations as securities, making them easier to trade and adopt.
Despite these positive developments, Shiba Inu has been facing some selling pressure. Currently, SHIB is trading at $0.00001374, down by 2% in the last 24 hours. Market analysts have pointed out that SHIB’s immediate support level at $0.00001345 is still holding strong. To maintain momentum, the price needs to stay above $0.00001465.
