SEC Says Memecoins Are Collectibles, Not Securities: What Does this Mean?

TL;DR The SEC has decided that memecoins are not securities, which exempts them from strict financial regulations and classifies them as collectibles. Although not regulated as securities, the SEC will continue to pursue fraud and scams, and other agencies may intervene if they detect deceptive practices. The MEME Act proposal seeks to prohibit public officials ... source: https://crypto-economy.com/sec-says-memecoins-are-collectibles-not-securities-what-does-this-mean/