The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance released a statement clarifying its views on the application of federal securities laws to meme coins.
In a statement this week, the division stated that it does not view meme coins as securities but more like collectibles.
Meme Coins Are Not Securities
According to the SEC’s latest guidance, transactions involving meme coins do not constitute the offer and sale of securities under the Securities Act of 1933. As a result, those offering or selling meme coins are not required to register their transactions with the SEC or seek exemptions from registration. This means that federal securities law protections do not apply to meme coin purchasers or holders.
The division’s position is based on the definition of securities under federal law, which includes financial instruments like stocks, bonds, and investment contracts. It said that meme coins do not fit these categories, as they do not yield profits,
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