Regulate crypto gambling and you own it
The staff of the US Securities and Exchange Commission has declared that meme coins are not securities. Promoters do not need to be regulated, and buyers are not protected by securities laws.
Is the SEC ducking its responsibilities?
Whatever these coins are, some commentators argue, investors are buying them — and shysters are taking advantage of the unwary with all kinds of tricks. Someone, even if not the SEC, ought to put a stop to these abuses.
Scams and rip-offs are clearly a social evil, and ought to be combated. But in their opinion of February 27 — which does not constitute a decision or rule of the SEC — the staff of the regulator’s division of corporation finance explain with clear authority why meme coins fail the Howey…
