The Securities and Exchange Commission (SEC) dropped an informal memecoin policy saying they doesn't consider #memecoins as securities. The SEC staff offered up a definition of memecoins as tokens that are tied to such things as memes, characters, current events or trends, according to the new statement.
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SEC Publishes Memecoin Stance Reinforcing Hester Peirce’s Comments
Memecoins aren’t securities, the agency said on Thursday.