SEC says most meme coins are not securities
A visual representation of dogecoin and other cryptocurrencies.Yuriko Nakao | Getty ImagesThe Securities and Exchange Commission issued long sought after guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law.Meme coins "typically have limited or no use or functionality" and are "more akin to collectibles," according to the agency's Division of Corporation Finance."It is the Division's view that transactions in the types of meme coins described in thi...
Read more at cnbc.com