Meme Coins Get SEC Pass, But at What Cost to Crypto’s Reputation?
Meme coins are a big deal now that they’ve become billion-dollar scandals, and the crypto industry’s reputation is at risk as the meme coin frenzy grows.
A meme coin, often celebrity-backed, follows the same pattern: it skyrockets before crashing, burning investors every time, with only the insiders making money. Look at what happened in recent months with meme coins associated with Donald Trump, Melania Trump, Dave Portnoy, Argentina/Javier Milei, Hailey Welch/”Hawk Tuah girl,” and others.
Now, the Division of Corporation Finance staff under the US Securities and Exchange Commission has said that meme coins do not constitute a security offering or sale that would violate federal securities laws.
“As such, persons who participate in…
