Express
SEC Clarifies: Memecoins Deemed "Collectibles," Not Securities
Summary: The U.S. Securities and Exchange Commission (SEC) has issued guidance from its Division of Corporation Finance, clarifying the regulatory status of memecoins. According to the SEC, memecoins are not classified as securities but are instead considered to be akin to collectibles. The guidance indicates that transactions involving memecoins, as described within the document, do not ...
The U.S. Securities and Exchange Commission (SEC) has issued guidance from its Division of Corporation Finance, clarifying the regulatory status of memecoins. According to the SEC, memecoins are not classified as securities but are instead considered to be akin to collectibles.
The guidance indicates that transactions involving memecoins, as described within the document, do not constitute the issuance or sale of securities under federal securities law. Consequently, individuals engaged in the issuance and sale of memecoins are not required to register these transactions with the Commission under the Securities Act of 1933, nor are they mandated to meet any registration exemption requirements outlined in the Securities Act.
Key takeaway for investors: Purchasers and holders of memecoins are not afforded the protections of federal securities laws. Investors should be aware of and assume full responsibility for the risks associated with investing in memecoins.
Tags: meme,SEC,Security
Link: SEC Clarifies: Memecoins Deemed "Collectibles," Not Securities [Copy]
