On January 20, Forbes published a column commenting on Trump's issuance of Meme coins. Forbes said that Trump's issuance of Meme coins could trigger a constitutional crisis. According to the report, while the soon-to-be-nominated new SEC chair may introduce crypto-friendly policies, the relevant underlying legal principles remain unchanged, and the personalities and policy preferences of SEC leaders cannot override established securities laws. The Supreme Court's Howie test has been a cornerstone of securities regulation for 75 years and is not influenced by individual government and political appointments. While the SEC's enforcement focus may change under the new leadership, its statutory obligation to apply the Howie test remains absolutely unchanged. This enduring framework for evaluating investment plans is independent of any chair's crypto-friendly stance or industry relationships. The launch of TRUMP Meme exposes a fundamental tension in contemporary US politics. While Trump has positioned himself as a champion of the cryptocurrency industry and promised to make the US the "crypto capital of the world," the structure and timing of his own digital token project suggest a worrying confluence of personal enrichment and political power. The concentration of token ownership in Trump-linked companies, coupled with the timing of issuance just before the inauguration, raises questions about whether this represents genuine support for cryptocurrency innovation or is merely a clever attempt to further monetize the presidency.