Memecoins have been in the news lately, primarily driven by the launch of the President’s $Trump coin. Recently, the U.S. SEC clarified that, for the most part, memecoins are not securities as they don’t meet the Howey test. That doesn’t mean clients won’t be asking questions about these assets, though.
So in today’s crypto for advisors, Janine Grainger from New Zealand-based Easy Crypto provides a breakdown of what memecoins are, how they work and the risks associated with them.
Then, Kieran Mitha, a next-gen investor, answers questions about learning about memecoins in Ask an Expert.
– Sarah Morton
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Memecoins: Boom, Bust and Billion-Dollar Bets
On January 17, a new meme coin called $Trump was launched by the President-Elect. Its market value peaked at $14.5 billion within two days but soon crashed by two-thirds. E
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