Meme coins aren’t subject to securities regulations, says SEC

According to the Securities and Exchange Commission, meme coins don’t meet the requirements to be protected by federal securities law. In new guidance issued on Thursday, the SEC announced that it doesn’t view most meme coins — cryptocurrencies that originate from internet memes or cultural phenomena — as securities, and that transactions around them do not need to be registered with the commission. The SEC said it reached this decision because the coins do not “generate a yield or convey rights to future income, profits, or assets of a business,” and therefore cannot be considered a security. Instead, the SEC describes meme coins as “more akin to collectibles” and “typically have limited or no use or functionality.” This comes amid a rise in new meme coin cryptocurrencies following Trump’s election. The DOGE acronym for Trump’s waste elimination agency was likely inspired by dogecoin, a popular meme coin that was enthusiastically supported by DOGE leader Elon Musk prior to his appoi ... Read full article.