SEC says meme coins are not securities because they’re useless

The SEC has officially ruled that meme coins are not securities, saying that these digital assets lack any real-world function, yield, or enterprise backing. The decision, announced by the Division of Corporation Finance on Thursday, clarifies that transactions involving meme coins do not need to be registered under federal securities laws. According to the SEC, […] source: https://www.cryptopolitan.com/sec-says-meme-coins-are-not-securities-because-theyre-useless/