Dogecoin (DOGE) price has recently struggled with momentum, failing to break key resistance levels. As of press time, DOGE is holding at $0.169, just above the crucial support of $0.164.

This stagnation hints at the potential for further declines, but key investors are still holding strong.

Dogecoin Is Facing Challenges

The liquidation map reveals that approximately $216 million worth of long positions could face liquidation if Dogecoin’s price declines to $0.150. This price is not far from its current critical support of $0.164.

If DOGE drops below this level, the liquidation of long contracts could fuel a further sell-off, pushing the price lower. This would likely prompt more bearish sentiment among traders, discouraging new investments in the meme coin.

Moreover, the threat of liquidation looms large as the price hovers near critical support levels. If DOGE continues to weaken, traders may be more inclined to exit positions, exacerbating the downtrend.

On the other hand, Dogecoin’s long-term holders (LTHs) seem to be focused on accumulating the asset at its current low price.

The HODLer net position change shows an increasing number of LTHs who are confident in eventual price recovery. As DOGE remains relatively inexpensive, these investors view the current conditions as a potential opportunity for future gains.

This accumulation by LTHs could serve as a buffer against further price declines. Their confidence in Dogecoin’s recovery and long-term potential is helping to sustain the current price levels. If these holders continue to accumulate, it could prevent a drastic drop and even pave the way for a future price rebound.

DOGE Price Correction Unlikely

At the time of writing, Dogecoin is trading at $0.169, just above the critical support of $0.164. The altcoin has been unable to break the $0.176 resistance for several days, showing signs of stagnation.

The likely outcome is continued consolidation above $0.164 as investors await a potential catalyst for upward movement.

If Dogecoin manages to breach the $0.176 resistance, it could quickly rise to $0.198, marking a positive shift in sentiment. This would likely encourage more buying activity and help push the price higher.

However, without sufficient momentum, DOGE will remain trapped within its current range, potentially facing further consolidation.

If the price falls below $0.164, it could slip to $0.147 in the coming days, triggering more than $216 million in long liquidations. This scenario would signal a shift toward bearish momentum, invalidating Dogecoin’s bullish outlook.

The coming days will be crucial in determining whether DOGE can recover or continue its decline.

Since US President Donald Trump assumed office, the Securities and Exchange Commission (SEC) has dropped, settled, or paused lawsuits against prominent crypto entities left and right. In stark contrast to the previous administration’s leadership under Chair Gary Gensler, the SEC seems to be parting from its previous crackdown on digital assets.

In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial election influence the crypto industry had over Trump’s candidacy as a contributing factor to the SEC’s looser stance on crypto. 

The SEC’s Approach Under Trump

The SEC has experienced a clear shift in its approach to crypto lawsuits under Trump’s presidency. Its move away from the aggressive enforcement tactics of its previous leadership has largely characterized this shift.

“When President Donald Trump won the US election, the crypto industry rejoiced. Finally, the‬ ‘regulation by enforcement’ era, which the SEC under‬‭ the leadership of Gary Gensler was so famous for, was about to come to an end. And the new‬‭ administration didn’t disappoint. Within just a couple of weeks of Trump’s inauguration, the‬‭ revamped SEC started dropping lawsuits against crypto firms‬‭ left, right and center‬‭,” Puckrin said.

Two weeks ago, the SEC officially dropped its appeal and XRP lawsuit against Ripple Labs, ending a five-year legal battle. The Commission had originally accused Ripple of conducting an unregistered securities offering worth $1.3 billion through XRP sales.

“After more‬‭ than four years in limbo, the SEC has officially decided that XRP is not a security (though what it‬‭ is instead remains to be seen). This case has been weighing heavily on XRP – the fourth largest‬‭ cryptocurrency with a‬‭ market cap of roughly $130 billion‬‭– so its resolution is a major win,” Puckrin added.

The wider crypto community celebrated the outcome, with many arguing that it will set a precedent for how digital assets are classified in the US. This prediction is warranted, given that the SEC has been on a lawsuit-dropping spree. 

Ripple and Coinbase Cases Mark Significant Wins

Shortly before ending the Ripple lawsuit, the SEC dropped its legal battle against Coinbase. The case also centered on whether Coinbase should be classified as a security. 

“The‬‭ SEC‬‭ is‬‭ clearly‬‭ retreating‬‭ from‬‭ its‬‭ once-aggressive‬‭ stance‬‭ on‬‭ crypto,‬‭ as‬‭ seen‬‭ in‬‭ its‬‭ 2025‬‭ dismissal‬‭ of‬‭ lawsuits‬‭ against‬‭ Ripple,‬‭ Coinbase,‬‭ and‬‭ others.‬‭ This‬‭ shift,‬‭ driven‬‭ by‬‭ the‬‭ crypto-friendly‬‭ and‬‭ pro-business‬‭ Trump‬‭ administration,‬‭ signals‬‭ a‬‭ future‬‭ of‬‭ more‬‭ streamlined‬‭ and‬‭ transparent‬‭ US‬‭ crypto‬‭ regulation,” Huang told BeInCrypto.

The SEC has also dropped several ongoing investigations against OpenSea, Robinhood, Uniswap Labs, Kraken, and Gemini. It has also asked a federal court to issue a 60-day pause over its litigation against Binance. Meanwhile, the Commission settled its investigation into ConsenSys over its Ethereum software products. 

These lawsuits surfaced in parallel to a series of crypto-friendly measures meant to foster greater innovation and curb potential regulatory suffocation that had existed during the Biden era. 

Will New Leadership Define Clear Crypto Regulations?

A day after Trump assumed office, SEC Acting Chairman Mark Uyeda announced the creation of a dedicated crypto task force led by Commissioner Hester Peirce. The task force was reportedly designed to resolve long-standing ambiguities in the regulatory treatment of digital assets.

In all SEC crypto lawsuits, Commissioner Uyeda has implemented a strategy prioritizing industry engagement to develop regulatory frameworks that balance innovation and investor protection.

Meanwhile, Trump strategically nominated Paul Atkins, a crypto-curious, regulation-light candidate, to replace Gensler as head of the SEC. Just this week, the Senate Banking Committee voted to advance Atkins’ nomination to the full Senate. 

“Driven‬‭ by‬‭ Republican‬‭ principles,‬‭ the‬‭ SEC‬‭ under‬‭ Trump‬‭ could‬‭ implement‬‭ clearer‬‭ crypto‬‭ guidelines‬‭ by‬‭ 2025,‬‭ reduce‬‭ regulatory‬‭ burdens,‬‭ and‬‭ roll‬‭ back‬‭ Biden-era‬‭ policies‬‭ that‬‭ have‬‭ stifled‬‭ innovation‬‭ by‬‭ 2027.‬‭ This‬‭ could‬‭ mark‬‭ the‬‭ beginning‬‭ of‬‭ treating‬‭ most‬‭ digital‬‭ assets‬‭ as‬‭ commodities,” Huang said.

Now, only a stone’s throw away from becoming SEC Chair, Atkins is expected to loosen regulatory oversight on crypto. 

“With‬‭ the‬‭ establishment‬‭ of‬‭ a‬‭ new‬‭ Task‬‭ Force‬‭ and‬‭ key‬‭ appointees‬‭ like‬‭ Paul‬‭ Atkins‬‭ fostering‬‭ innovation,‬‭ Trump’s‬‭ strategic‬‭ move‬‭ to‬‭ create‬‭ a‬‭ Bitcoin‬‭ reserve within the government further underscores his commitment to supporting the industry.‬‭ The‬‭ future‬‭ of‬‭ crypto‬‭ regulations‬‭ will‬‭ be‬‭ focused‬‭ on‬‭ less‬‭ oversight‬‭ and‬‭ the‬‭ beginning‬‭ of‬‭ a‬‭ delicate‬‭ but promising thaw in the regulatory landscape,” Huang added. 

Though some say Trump’s handling of crypto affairs has resulted in a never-before-seen triumph, others are weary that his increasing involvement in the industry has turned out to be a recipe for disaster.

The Impact of Crypto Donations on Regulations

Several industry leaders went to great lengths to ensure that Trump became America’s 47th president. Millions of dollars in donations from crypto firms throughout Trump’s campaign illustrated these efforts.

According to a Public Citizen report, over $119 million from crypto corporations went into influencing the 2024 federal elections, largely through Fairshake, a non-partisan super PAC backing pro-crypto candidates and opposing skeptics.

Coinbase and Ripple, among others who stand to profit, directly provided over half of Fairshake’s funding. The remaining funds mostly came from billionaire crypto executives and venture capitalists. Notable contributions included $44 million from the founders of Andreessen Horowitz, $5 million from the Winklevoss twins, and $1 million from Coinbase CEO Brian Armstrong.

So far, big crypto’s spending strategy is paying off with a more favorable environment.

“Political‬‭ donations‬‭ from‬‭ the‬‭ crypto‬‭ industry‬‭ during‬‭ the‬‭ 2024‬‭ election,‬‭ particularly‬‭ to‬‭ pro-crypto‬‭ candidates‬‭ like‬‭ Trump,‬‭ played‬‭ a‬‭ significant‬‭ role‬‭ in‬‭ shaping‬‭ the‬‭ SEC’s‬‭ 2025‬‭ decision‬‭ to‬‭ drop‬‭ lawsuits‬‭ against‬‭ crypto‬‭ firms.‬‭ These‬‭ contributions‬‭ helped‬‭ align‬‭ the‬‭ administration‬‭ with‬‭ the‬‭ industry’s‬‭ interests‬‭ and‬‭ influenced‬‭ Congress,‬‭ driving‬‭ about‬‭ 50-60%‬‭ of‬‭ the‬‭ shift,” Huang told BeInCrypto.

Without a clear framework to guide the crypto industry following these dropped lawsuits, this lax approach risks being short-lived. Ultimately, this could tarnish long-term crypto adoption.

Meme Coin Scams Highlight Deregulation Dangers

According to Puckrin, the success of the dropped lawsuits was obscured by the lack of regulations that have led to the proliferation of high-profile meme coin scams. 

“Somehow, all these victories feel somewhat hollow after the reputation of the crypto industry‬‭ has been tarnished by the‬‭ billions of dollars‬‭ in combined‬‭ losses from‬‭ meme coin scams‬‭.‬‭ Meanwhile, Hayden Davis, the mastermind behind LIBRA,‬‭ continues to launch fraudulent meme‬‭ tokens‬‭, despite being on the Interpol wanted list,” he said. 

A 2024 report by Web3 intelligence platform Merkle Science revealed that meme coin rug pulls cost investors over $500 million. The February LIBRA incident showed how this trend was carried over to 2025. Nansen data revealed that 86% of investors lost $251 million, while insiders pocketed $180 million in profits.

Though crypto scammers may be charged with related crimes like wire fraud or money laundering, rug pulling is legal. Better said, it’s unaccounted for. No regulation holds crypto insiders responsible for meme coin scams.

“As crypto becomes an ever more mainstream asset class, consumers need to be protected‬‭ against those who choose to use it for nefarious purposes. One way to do this is through‬‭ education, and that’s our job as an industry. But deterring scams and extractive behavior is the‬‭ job of the regulators. And it’s time they stepped up to the task,” Puckrin told BeInCrypto.

If the SEC doesn’t take advantage of this opportunity to curb the consequences that meme coin scams can produce, it will result in an enormous setback for the industry.

Comprehensive Regulation Beyond Dropped Lawsuits

‭Puckrin illustrated the need for heightened regulatory clarity in crypto by drawing attention to the way the SEC penalizes insider trading in the context of traditional investing. 

“In traditional investing, insider trading is a serious crime. In the US, it’s‬‭ punishable by‬‭ fines of up‬‭ to $5 million for individuals and prison sentences up to 20 years. Similarly, federal penalties for‬‭ engaging with illegal gambling activities include‬‭ up to five years in prison‬‭. Perpetrators of‬‭ memecoin scams must be punished with the same level of severity, because the result is the‬‭ same: manipulating markets and cheating unsuspecting investors out of their savings,” he said. ‭

Puckrin clarified, however, that the issue isn’t solely about penalizing fraudsters. Just as the SEC’s past overregulation hindered the industry, the current lack of meme coin rules creates an environment where new scams and exploitative schemes can easily flourish.

“Yes, the removal of lawsuits is‬‭ great news for blockchain innovation, but something needs to replace it. Indeed, serious‬‭ cryptocurrency firms have never advocated for an unregulated Wild West.‬‭ What they want is clarity and rules that are fit for the nascent blockchain industry – not just a‬‭ copy-and-paste of existing financial regulations that simply don’t work for crypto,” he said. 

Although the Trump administration has only been in place for four months, the clock is ticking, and meaningful change takes time.

Unanswered Questions Loom

Puckrin expressed concern over the current administration’s prioritization of lawsuit dismissals instead of working faster to implement transcendental crypto regulation.

“My concern is that‬‭ regulators will keep kicking the can down the road with crypto regulation, having gained the‬‭ approval of the industry for dropping the many lawsuits that were stifling its growth. And this is‬‭ incredibly dangerous,” he told BeInCrypto. 

Meanwhile, critical questions that only the SEC can define remain unanswered. 

“What are memecoins and who will ensure another LIBRA fiasco‬‭ doesn’t happen? Are utility altcoins now commodities and if so, will the Commodities Futures‬‭ Trading Commission (CFTC) regulate them? And, importantly, what do we do about‬‭ compensating investors who have lost‬‭ billions to crypto‬‭ fraud‬‭?” Puckrin concluded.‭

The SEC’s current direction promises a regulated renaissance or a breeding ground for future crises.

With billions lost and critical questions unanswered, the future of crypto hinges on whether the regulatory body will translate its recent shift into a lasting framework that fosters innovation without sacrificing investor protection.

PayPal has expanded its cryptocurrency offerings in the US by adding support for Solana (SOL) and Chainlink (LINK).

These tokens join PayPal’s existing lineup, which includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and its native stablecoin, PYUSD.

PayPal’s Crypto Expansion Highlights Rising Demand for Solana and Chainlink

Both Solana and Chainlink play critical roles in the blockchain space. Solana supports fast, low-cost transactions and is widely used in decentralized finance (DeFi), gaming, and Web3 applications.

Chainlink, on the other hand, is essential for enabling smart contracts to access real-world data through decentralized oracles.

According to BeInCrypto data, the two assets currently rank among the top fifteen cryptocurrencies by market capitalization. This makes them strategic additions to PayPal’s crypto offering.

May Zabaneh, PayPal’s Vice President of Blockchain and Digital Currencies, explained that the update reflects strong user demand for more crypto options.

According to Zabaneh, the goal is to give users greater flexibility and more ways to interact with digital assets across PayPal’s ecosystem.

“Since we initially made cryptocurrencies available on PayPal and Venmo, we’ve been listening to our users about what they want to do with crypto on our platforms. One piece of feedback we’ve heard is to make additional tokens available that align with our mission of revolutionizing payments,” Zabaneh stated.

Meanwhile, PayPal’s latest move comes as the company strengthens its presence in the digital asset space. With over 434 million active users and a 45% share of the global online payments market, PayPal is in a strong position to influence how mainstream users engage with crypto.

Moreover, industry experts see this integration as a logical next step. Max Hamilton, an investment researcher at Foresight Ventures, noted that legacy companies like PayPal enjoy deep trust, regulatory experience, and extensive networks. These advantages make them well-positioned to incorporate crypto without losing ground to newer competitors.

“Established giants like [PayPal] wield an unparalleled advantage in distribution, a moat built over decades of customer acquisition, merchant relationships, and regulatory compliance And we continue to see them co-opting crypto offerings into their ecosystems so as to not be displaced by them,” Hamilton stated.

PayPal first entered the crypto space in 2020, allowing users to buy and hold Bitcoin and Ethereum.

Since then, the company has deepened its involvement in the emerging sector by launching PYUSD, a dollar-pegged stablecoin, on Ethereum in 2023.

In 2024, it expanded PYUSD to the Solana network. This move helped boost the stablecoin’s circulating supply to $733 million as of press time.

Earlier this year, the company revealed plans to embed PYUSD more deeply into its ecosystem. This includes enabling merchants to accept it for payments and expanding use cases across its platforms.