Sec says that most meme coins are not values

The stock exchange and values ​​commission issued guide On Thursday night saying that the majority of securities coins memes under the Federal Law of the United States do not consider.

“It is the opinion of the division that transactions in the types of memes currencies described in this statement do not involve the offer and sale of values ​​under federal laws of values,” says the statement. “People who participate in the offer and sale of Memes Coins do not need to register their transactions with the Commission … Consequently, neither meme currency buyers nor the holders are protected by federal laws of values.”

He also said: “A meme currency constitutes any of the common financial instruments specifically listed in the definition of” security “because, among other things, it does not generate a performance or transmits rights to the income, profits or future assets of a business. In other words, a meme coin is not a security in itself.”

The clarification comes after Last rapid increase of such cryptocurrencies after the election of President Donald Trump, as well as his accident in recent weeks. It is also another notch in the belt of the new administration, which has promised to create clearer regulatory conditions and perhaps more favorable for the cryptographic industry, and do it quickly.

“The recent Declaration of the SEC about Memes currencies is the clarity that the digital asset space has demanded for years,” said Ishmael Green, a cryptographic lawyer and partner of the law firm Díaz Reus. “This will boost continuous investment in the cryptographic space of the United States, since the vast majority of memes coins launched in the last 12 months with a multimillion -dollar market lid have been launched in Solana, an American block chain.”

“(TI) also behaves with the promise of the current administration to the cryptographic community to end unnecessary and frivolous application actions that suffocate innovation and investment,” he added.

DogecoinThe original meme coin changed shortly after the news. The token tied to Solariumwhich has become the host of meme coins, including the Official Trump Meme Currency – He got up slightly.

The SEC describes meme coins as cryptographic assets inspired by Internet memes, characters, current events or trends and created to obtain “an enthusiastic online community” to buy them and exchange them.

Because “they are generally bought for entertainment, social interaction and cultural purposes, and their value is mainly driven by market demand and speculation … Memes currencies are similar to collectibles,” says the statement.

He continues to say that meme coins “generally have limited use or not, they are often accompanied by statements about their risks and lack of utility.”