2 Apr 2025 1:15 pm
A crypto-friendlier SEC says meme coins aren't securities
https://www.investmentnews.com/alternat ... ies/259507
Notably, President Donald Trump and First Lady Melania Trump launched their own meme coins shortly before the new president took office. Though crypto assets are notoriously volatile, those coins lost most of their value in a very short timeframe...
The SEC under new leadership has already been showing how much friendlier it is to the crypto world than it was under former chair Gary Gensler. The agency now has a crypto task force headed by Commissioner Hester Pierce that promises to “develop a comprehensive and clear regulatory framework for crypto assets.”
Also on Thursday, the SEC dismissed a civil enforcement action against Coinbase, which it had accused of violating securities laws in trading a range of crypto assets.
Commissioner Caroline Crenshaw, the lone Democrat remaining on the commission, objected to both the SEC’s statement on meme coins and the dismissal of the enforcement action.
https://www.investmentnews.com/alternat ... ies/259507
Notably, President Donald Trump and First Lady Melania Trump launched their own meme coins shortly before the new president took office. Though crypto assets are notoriously volatile, those coins lost most of their value in a very short timeframe...
The SEC under new leadership has already been showing how much friendlier it is to the crypto world than it was under former chair Gary Gensler. The agency now has a crypto task force headed by Commissioner Hester Pierce that promises to “develop a comprehensive and clear regulatory framework for crypto assets.”
Also on Thursday, the SEC dismissed a civil enforcement action against Coinbase, which it had accused of violating securities laws in trading a range of crypto assets.
Commissioner Caroline Crenshaw, the lone Democrat remaining on the commission, objected to both the SEC’s statement on meme coins and the dismissal of the enforcement action.