Castle Island Ventures partner Nic Carter stated that memecoins are largely a reaction to the SEC's oppressive regime. If the SEC regains its sanity, the desire and demand for trading memecoins will decrease; thus, Trump's election would be bearish for memecoin. Notable KOL Cobie responded: the SEC's positioning has little impact on this dynamic, mainly because it has become (almost) impossible for the average person to buy non-memecoin in the 'early' stage; a different fundraising model is needed to be more viable. The only significant shift from the SEC is the creation of crowdfunding-type exemptions for decentralized token projects, and it still requires founders to accept a more distributed and decentralized 'equity structure,' which many founders still oppose.