Pudgy Penguins (PENGU), the NFT brand turned token, has officially entered the U.S. regulatory conversation.
The project announced it has joined a federal advisory group focused on shaping cryptocurrency and digital asset policy—marking a rare move for a meme-born asset in Washington.
According to the team’s statement, representatives have met with the Trump administration multiple times over the past three months. Now, they’ve been formally invited to help shape virtual asset legislation as part of the advisory body.
The announcement comes just as the U.S. Securities and Exchange Commission (SEC) begins reviewing a spot ETF application for PENGU, filed by Canary Capital. With growing institutional attention and formal policy involvement, expectations for approval have gained momentum.
PENGU’s price has soared on the news, rallying 120% over the past month and currently trading around $0.033. Analysts suggest the token is benefiting from rising investor confidence as its brand gains both political and financial traction.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pudgy-penguins-joins-u-s-crypto-policy-circle-as-etf-hopes-rise/