According to MilkRoadDaily, Pumpdotfun's upcoming token launch is facing a significant obstacle after the SEC released three new crypto guidelines. The source highlights that if ongoing rumors are accurate, Pumpdotfun may violate the SEC's third rule, potentially halting the launch before it starts. This development increases regulatory risk for traders and could impact token price action and overall market sentiment, especially for similar crypto projects that may also be scrutinized under the new SEC requirements (MilkRoadDaily, June 4, 2025).