{"id":522393,"date":"2024-05-17T09:59:03","date_gmt":"2024-05-17T09:59:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=522393"},"modified":"2024-05-17T09:59:03","modified_gmt":"2024-05-17T09:59:03","slug":"notwifgary-meme-coin-will-stand-against-gary-gensler-and-the-sec","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/notwifgary-meme-coin-will-stand-against-gary-gensler-and-the-sec","title":{"rendered":"NotWifGary Meme Coin Will Stand Against Gary Gensler And The SEC"},"content":{"rendered":"

A group of crypto community members have joined forces to create a decentralized meme coin called NotWifGary (NWG) to battle the Securities and Exchange Commission (SEC) and its chair, Gary Gensler.<\/span><\/p>\n

Through the launch of the token, the team aims to stand their ground “against Gary Gensler and the SEC,” according to a May 15 X <\/span>post<\/span><\/a> on the project’s official account. “NotWifGary [$NWG] will be a memecoin, more specifically a CultureCoin. It will go live in the most decentralized way with a truly fair launch.”<\/span><\/p>\n

Both the Commission and its Chair, Gary Gensler, have been “unlawfully threatening digital property by attacking Ethereum and open-source developers,” the post added.<\/span><\/p>\n

\"Gary<\/span><\/h2>\n

NotWifGary Not Launched Yet, Seeking Donations<\/span><\/h2>\n

NotWifGary has not been launched yet. The project’s <\/span>website<\/span><\/a> states that the meme coin “champions maximal decentralization,” and will rely mainly on ETH contributions from the community.<\/span><\/p>\n

With no specific date for the launch specified, donations towards the initiative will be open until 8 a.m. GMT on May 22. These donations will then facilitate the initial liquidity on the Lynex decentralized exchange (DEX), the team said.<\/span><\/p>\n

Unlike a presale, contributions will not be rewarded with tokens. Instead, donors will receive a soulbound NFT marking their support.<\/span><\/p>\n

NotWifGary To ”Make Fun Of Regulators”<\/h2>\n

NotWifGary is meant to power an activist movement in an unconventional way by taking advantage of the light hearted and fun nature of the meme coin sector. Twelve “brave friends” are behind the project, with some having a background in the zkEVM ecosystem Linea.<\/p>\n

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Our goal is to build a solid and active community around $NWG<\/a> that stands for a world where Ethereum is for ALL and to make fun of regulators coming our way. It's a non-violent form of activism to support Ethereum… with FUN.<\/p>\n

— NotWifGary – $NWG (@NotWifGary) May 15, 2024<\/a><\/p><\/blockquote>\n