The US Securities and Exchange Commission (SEC) has officially stated that it does not consider memecoins as securities, classifying them more as collectibles.
As a result, transactions involving these coins do not require SEC registration. However, the agency warned that fraudulent memecoins could still be targeted by other regulatory authorities.
In a statement on February 27, the SEC clarified that memecoins do not meet the criteria of traditional securities, such as stocks or bonds, because they do not offer any investment yield or rights to a company’s future profits.
The SEC also emphasized that its position does not apply to tokens that could be disguised as memecoins to evade regulations.
This move comes as discussions around crypto regulations continue to evolve.
With the SEC’s Crypto Task Force under Commissioner Hester Peirce exploring new frameworks, memecoins may remain outside traditional securities oversight unless they are linked to fraudulent activity.
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has emphasized the agency’s continued focus on investor protection, addressing insider trading, market manipulation, and the evolving landscape of cryptocurrency regulation.
Arizona Governor Katie Hobbs has officially vetoed House Bill 2324, a legislative proposal that aimed to create a state-managed reserve fund for holding seized cryptocurrency assets.
The U.S. Securities and Exchange Commission (SEC) is in the early stages of developing a standardized listing framework for token-based exchange-traded funds (ETFs), according to a July 1 report by journalist Eleanor Terrett.
The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), finalizing its transition from an over-the-counter product into a fully regulated ETF structure.