SEC Publishes Memecoin Stance Reinforcing Hester Peirce’s Comments

Quick Summary:

Memecoins aren’t securities, the agency said on Thursday.

Though Peirce has made it clear that American investors are responsible for doing their own due diligence on the tokens they buy, the SEC has not ruled out the possibility of stepping in and using its enforcement powers in the case where memecoins are used to evade securities laws.“Notwithstanding the foregoing, this statement does not extend to the offer and sale of meme coins that are inconsistent with the descriptions set forth above, or products that are labeled “meme coins” in an effort to evade the application of the federal securities laws by disguising a product that otherwise would constitute a security,” the staff statement said.“As noted above, the Division will evaluate the economic realities of the particular transaction.

Securities and Exchange Commission (SEC) is officially washing its hands of memecoins.

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Article Details

Author / Journalist: Cheyenne Ligon

Category: Crypto

Markets: United StatesCubaMali

Topics: SEC Hester Peirce Meme coin Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 22:45:18 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © CoinDesk

News ID: 26492224

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