Learn about SEC's statement on memecoins not being classified as securities under federal laws. Discover the implications of this decision for the digital currency industry.
The U.S. Securities and Exchange Commission (SEC) stated that memecoins are generally not considered securities under federal laws. The financial division of the commission emphasized that buying and selling memecoins does not require registration as their value comes from speculative trading and market sentiment, not from managerial efforts of a company. This decision, made after Donald Trump’s victory in the elections and the SEC’s shift in approach towards the digital currency industry, along with the dismissal of lawsuits against Coinbase and Consensys, reflects a more positive stance of this regulatory body towards digital currencies.
