SEC Clarifies Wallet Software Rules, Potentially Boosting DEX and Meme Coin Trading

3 hour ago 3 sources positive

Key takeaways:

  • SEC's broker-dealer exemption for wallet software could accelerate DEX adoption, boosting volumes for tokens like PEPE and SHIB.
  • Pepeto's presale success highlights market appetite for new meme coins, potentially diverting capital from established large-caps.
  • Monitor PEPE and SHIB for recovery signals as whale accumulation and network activity may precede price rebounds.

On April 13, 2026, the U.S. Securities and Exchange Commission (SEC) issued a staff statement clarifying that software facilitating cryptocurrency transactions with individual wallets does not require the provider to register as a broker, according to a report by CoinDesk. This regulatory clarity is seen as removing a significant friction point for decentralized exchanges (DEXs) and wallet providers, potentially leading to increased trading volume, particularly in the meme coin sector.

The article positions this development as a catalyst for the "next crypto to explode," heavily promoting the presale of a new token called Pepeto. It is reported that Pepeto's presale has raised $9,012,000 at a price of $0.000000186 per token. The project, which claims to have a live exchange, cross-chain bridge, and token scanner, has passed audits by SolidProof and Coinsult. Notably, the team includes the person credited with creating the original Pepe (PEPE) meme coin's success and a former Binance executive. A Binance listing for Pepeto is suggested to be imminent.

In contrast, established meme coins Pepe (PEPE) and Shiba Inu (SHIB) are highlighted as being in significant drawdowns. PEPE is trading at $0.00000371, approximately 87% below its all-time high. Despite this, Canary Capital filed for the first U.S. spot PEPE ETF on April 8, and whales reportedly accumulated 23 trillion PEPE tokens during the dip. SHIB is trading at $0.0000059, about 93% below its peak. It recently saw a 237% jump in its token burn rate and was added to Rakuten's wallet in Japan. The Shibarium network also experienced a 1,583% surge in daily transactions following an upgrade.

The core argument of the article is that while the SEC ruling may benefit the broader DEX and meme coin ecosystem, the greatest returns are to be found in presale opportunities like Pepeto, rather than in recovering large-cap tokens like PEPE and SHIB.

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