GuShiio.com GuShiio.com learned that the SEC issued a statement clarifying the application of meme coin. The statement pointed out that meme coin is a cryptographic asset inspired by Internet memes, roles or trends. It is usually used for entertainment, social and cultural purposes. Its value is mainly driven by market demand and speculation, and usually has no actual function. The SEC believes that meme coin transactions do not involve the issuance and sale of securities, so participants do not need to register under the Securities Act and are not protected by federal securities laws.
However, this statement does not apply to the issuance and sale of meme coins that do not comply with the above description, or those meme coins that disguise the product to circumvent the application of federal securities laws. Fraud related thereto may be subject to enforcement or prosecution by other federal or state agencies under other laws.
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