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SEC says meme coins are generally not securities under US law

Image of President Donald Trump at a cryptocurrency-themed bar.
Photo: Spencer Platt/Getty Images

Julie DiMauro

2 min read
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Meme coins “typically have limited or no use or functionality” and are “more akin to collectibles,” says the SEC’s Division of Corporation Finance.

In another major regulatory shift for crypto, the SEC now says that meme coins are generally not securities under federal law.

The SEC’s Division of Corporation Finance put out a statement revealing its current stance on meme coins, saying that “persons who participate in the offer and sale of

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