The SEC’s Division of Corporate Finance issued a staff statement in which it expresses the view that mem coins, as described in the release, do not involve the offer and sale of securities under the federal securities laws. As such, according to the release, persons who participate in the offer and sale of meme coins do not need to register these transactions with the SEC under the Securities Act of 1933 or fall within one of the exemptions from registration. The release also provides an analysis of meme coins under the Howey test, from which the Division concludes meme coins are not investment contracts.
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SEC Division Proclaims Meme Coins Are Not Securities
