SEC says meme coins are not securities

The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from memes, as securities under United States federal law. As a result, the SEC says it does not believe people who purchase or hold meme coins are protected by federal securities law, and that people “who participate in the offer and sale of meme coins do not need to register their transactions with the Commission.” The SEC’s new guidance comes roughly a month into U.S. President Donald Trump’s second term, in which Trump issued an executive order to create the Department of Government Efficiency, led by Elon Musk, an independent government advisory agency that’s named after the meme coin, Dogecoin. President Trump also launched a meme coin for his supporters, called $TRUMP, just days before his inauguration. Since its peak on January 19, the coin has lost $12 billion in value, The Telegraph reported on Thursday. Mark Uyeda, the SEC ch ... Read full article.