SEC Says Meme Coins Are Not Securities
The SEC today released new guidelines claiming that Meme coins are no longer subject to securities regulations. The committee will cease enforcement, but other agencies may address the issue.
This could be a huge market opportunity or it could also be exciting for rampant scammers. The latest Meme coin crimes dominate the news cycle, stealing millions and undermining the reputation of cryptocurrencies.
SEC will not take law enforcement action on meme coins
SEC, One of the top financial regulators in the United Stateshas been trying to reassess its cryptocurrency liability. When Hester “crypto mom” Peirce was one of his specialists New Crypto Task Force announcedshe claimed the committee might try Delegate law enforcement to other agencies, such as CFTC.
Today, the SEC released statement Details its new policy on meme coins.
“Meme coins are often used for entertainment, social interaction and cultural purposes, and their value is driven primarily by market demand and speculation. In this regard, they are similar to collectibles. Meme coins are also often limited or useless or functional… (and) do not involve quotes and sales under federal securities laws,” it said.
Pierce has commented SEC may not want Adjust meme coins future. The committee has End the Enforcement Arm for Cryptocurrencies and Resolve existing legal struggles about.
From this perspective, the cooler period of meme coins execution seems understandable.
However, the SEC does not intend to turn the meme coin space into a full free one. As the letter points out, “Under other federal and state laws, enforcement actions or prosecutions by other federal or state agencies may be subject to fraudulent acts of enforcement actions or prosecutions.”
In other words, the scammers have been warned not to play.
“In English – Just because we won’t follow you doesn’t mean other regulators won’t,” Write Eleanor Terrett.
This seems to be a clear pro-Clapt development, but it may have drawbacks. rampant scam Always Rise in meme coin spaceSEC plays an important role in protecting consumers.
between The highly anticipated carpet pulls like a Libra Or the North Korean Lazarus Group using meme coins to launder money The stolen Bybit Fundsome crime prevention may be needed.
Ultimately, it is difficult to predict how the new SEC guidance will affect the meme coin space. On the one hand, loose restrictions will encourage more products and their use.
On the other hand, this move may allow more influential characters or celebrities to fire their own meme coins and drive the pump. Anyway, we are entering a rather messy new moment for the meme coin space.
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