🚨 SEC: Meme Coins Are Not Securities
The U.S. Securities and Exchange Commission (SEC) has confirmed that meme coins are not considered securities, stating that they are often purchased for entertainment and social interaction, similar to collectibles, and not for the purpose of investing in a project or earning profits from the efforts of another party.
⚠️ However, the commission warned that any manipulation or fraud in the sale of meme coins may be subject to legal action under other laws.
The U.S. Securities and Exchange Commission (SEC) has confirmed that meme coins are not considered securities, stating that they are often purchased for entertainment and social interaction, similar to collectibles, and not for the purpose of investing in a project or earning profits from the efforts of another party.
⚠️ However, the commission warned that any manipulation or fraud in the sale of meme coins may be subject to legal action under other laws.