meme coins do not fall under any of common financial instruments in the definition of the term “security” as defined by Section 2(a)(1) of the Securities Act and Section 3(a)(10) of the ...

SEC rules out meme coins as securities According to Section 2(a)(1) of the Securities Act and Section 3(a)(10) of the Securities Exchange Act of 1934, ‘securities’ include financial ...

rose by 2%. Dogecoin, the original meme coin and currently the sixth largest cryptocurrency by market cap, experienced a 3% rise. Brian Armstrong, CEO of Coinbase, supports the SEC’s stance ...

On Thursday, the U.S. Securities and Exchange Commission (SEC) declared that memecoins, or cryptocurrencies inspired by viral internet memes or trends ... resulting in over $2 billion in losses.

As a result, the SEC says it does not believe people who purchase or hold meme coins are protected by federal securities law and that people “who participate in the offer and sale of meme coins ...