{"id":15500,"date":"2025-02-28T12:48:47","date_gmt":"2025-02-28T12:48:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15500"},"modified":"2025-02-28T12:48:47","modified_gmt":"2025-02-28T12:48:47","slug":"sec-says-memecoins-are-not-subject-to-oversight-but-fraudulent-schemes-will-face-action","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15500","title":{"rendered":"SEC Says Memecoins Are Not Subject To Oversight, But Fraudulent Schemes Will Face Action"},"content":{"rendered":"
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On 27 February 2025, the <\/span>US Securities and Exchange Commission (SEC) declared that memecoins\u2014digital assets inspired by internet memes, trends, or cultural phenomena\u2014do not qualify as securities under federal law.\u00a0<\/span><\/p>\n

According to the SEC statement, <\/a><\/span>memecoins are classified as \u201ccollectibles\u201d rather than securities. <\/span><\/p>\n

\u201cA memecoin does not constitute any of the common financial instruments specifically enumerated in the definition of \u201csecurity\u201d because, among other things, it does not generate a yield or convey rights to future income, profits, or assets of a business,\u201d said SEC.<\/span><\/p>\n

\u201cMemecoins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation,\u201d explained SEC.<\/p>\n

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WOW.<\/p>\n

The SEC just said that meme coins are generally NOT considered securities under US federal law.<\/p>\n

They also said that meme coins have “limited or no use” and do not need to be registered with the SEC.<\/p>\n

This is a MASSIVE statement by the SEC. pic.twitter.com\/7KpB2c2481<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) February 27, 2025<\/a><\/p>\n<\/blockquote>\n