Meme Index (MEMEX) Emerges From Its Long Legal Battle With the US Securities and Exchange Commission (SEC)

Ripple has now emerged from its long-running legal battle with the US Securities and Exchange Commission (SEC) and for the first time in years, XRP faces a clear regulatory runway

The US Securities and Exchange Commission (SEC) has dropped its final appeal in its long-running legal battle with Ripple. The agency had argued that the sale of XRP, a digital currency created by Ripple, should be classified as an unregistered securities offering. However, a federal judge ruled in July that the SEC’s claims were largely unsuccessful.

The SEC’s decision not to proceed further with its appeal marks a turning point for crypto in the US. It also comes at a time when the new presidential administration is known for its pro-crypto stance.

While many traders are expecting a price rally in response to the legal win, XRP has seen limited movement despite the favorable legal precedent, a possible XRP ETF being discussed and the Trump administration reportedly considering including BTC, ETH and XRP in a strategic crypto reserve.

After a euphoric run that saw XRP rally from around $0.60 to $3.40 in the three months leading up to late 2024, the token is still trading nearly 30% below its all-time high, currently hovering around the $2.40 mark.

The answer to this dissonance might lie in market psychology. As many traders point out, the Trump administration’s pro-crypto stance and the looming possibility of an XRP ETF in the US are bullish narratives that have already been priced in by traders.

After an exhausting four-year lawsuit and a total of seven judges presiding over the case, the market had largely priced in a pro-Ripple verdict.

With investor attention now shifting to other utility-focused tokens that have yet to see significant growth, one project turning heads is Meme Index ($MEMEX).

A new direction: Can utility coins outperform XRP?

While most cryptocurrency investors are familiar with the major tokens like Bitcoin and Ethereum, a segment of the market known for its own unique brand of volatility and virality is meme coins.

These tokens, often named after funny images or internet trends, have gained a following for their potential for rapid price gains and the strong communities that rally around them.

However, the lack of structure in the meme coin sector can also lead to scams and quickly evaporating tokens, making it a risky segment for those seeking stable and reliable investments.

Meme Index is aiming to change that by bringing a first-of-its-kind concept: a meme coin index token that provides structured exposure to this notoriously chaotic world.

The $MEMEX token functions as both a governance and utility asset, granting holders access to multiple index pools that track the performance of meme coins.

At first glance, grouping meme coins into indexes may seem antithetical to the sector’s highly dynamic nature. Meme coins are often discussed for their potential to pump or crash within hours, and the community involvement in each token is a core part of the culture.

However, rather than going all-in on a single coin with hopes of a 1000% gain in a single week, $MEMEX lets users invest across themed portfolios tailored to different risk appetites.

These indexes include established meme coins with large market caps, newer rising stars that have yet to be listed on major exchanges and highly speculative tokens with low caps but high potential upside.

What makes the project particularly interesting is its structure. Token holders aren’t locked into static portfolios – they can vote to remove underperforming assets or add promising new ones. This governance feature gives $MEMEX both flexibility and community involvement, two traits that traditional ETFs lack.

That utility has sparked growing presale interest. The project has already raised over $4.2 million. Analysts have tipped the token for strong upside, noting that the meme coin sector has expanded from $22 billion to $137 billion in just over a year. If Meme Index captures even a small percentage of that growth, early investors could be in for substantial returns.

Why structured exposure to meme coins matters now

For all their hype, meme coins are among the most volatile assets in crypto. Wild price swings, celebrity endorsements and online virality have created overnight millionaires and just as many bag holders. The highs are high, but the lows can be devastating.

Tokens like Peanut the Squirrel ($PNUT) famously soared over 1,000,000% in November and briefly reached a $1 billion market cap. Yet others, such as Hawk Tuah ($HAWK), have flared and failed just as quickly, leaving early entrants at a loss.

By offering diversified exposure, Meme Index allows users to benefit from this volatility without being overexposed to a single failing asset. A strong performer can carry an entire index, offsetting losses from weaker constituents. And with users able to vote on the composition of each index, poor performers don’t linger long.

This approach is particularly timely given the meme coin market’s recent revival. With new AI-themed tokens and personality-driven coins hitting exchanges weekly, the noise-to-signal ratio is higher than ever. Structured products like Meme Index offer a way to