SEC Declares Meme Coins Are Not Securities

• The SEC issued guidance stating most meme coins are not considered securities under U.S. federal law.
• This means buyers and holders of meme coins aren’t protected by federal securities law and don’t need to register transactions with the SEC.
• The guidance follows President Trump's creation of the Department of Government Efficiency, led by Elon Musk, and the launch of the $TRUMP meme coin.
• SEC Chairman Mark Uyeda, appointed by Trump, argues meme coins are more like collectibles and don’t generate yield or convey business rights.
• This stance is a shift from former SEC Chairman Gary Gensler, who advocated for treating meme coins as securities.

Source: TechCrunch