I see 2 scenarios

Scenario 1: High off their horses from how easy this meme coin launch was and no one noticing-- the Trump circle just blatantly dumps the rest of their meme coin ownership onto the public, come 3 months. They do this so blatantly that even the new SEC appointee is stuck in a conundrum of what to do because of just how blatant it was. (EDIT: this part is probably the unlikeliest outcome given the SEC is handpicked by yours truly). Regardless, loyal Trumpist senators/congresspeople cannot hold back the criticism. And suddenly this turns into a major scandal/riff within the party. This is also followed by a massive wave of Meme coins from right wing influencers pumping and dumping with 0 regard for financial law etc. Institutions and crypto die hards completely lose faith in the system. And this triggers another crypto winter akin to 2022.

Scenario 2: Nothing happens and life goes on. Crypto, as a whole, still gets pumped from having a pro-crypto president.

Leaning towards scenario 2.. or maybe scenario 3 which is some weird middle ground. But could use some convincing for my own peace of mind that this scam is a nothing burger in the grand scheme of things. My main worry is that now every one and their mother is going to start doing meme coins with the intent of dumping. How could they not? There will be 0 regulation.