BlockBeats News, February 28th, the U.S. SEC Corporation Finance Division issued guidance on Meme Coins, stating that they are not securities but rather akin to collectibles.
The Division believes that the transactions described in the guidance regarding Meme Coins do not involve securities issuance and sale as defined by federal securities laws. Therefore, individuals participating in Meme Coin issuance and sale do not need to register their transactions with the Commission under the Securities Act of 1933, nor do they need to comply with registration exemptions under the Securities Act.
Meme Coin purchasers or holders are not afforded protection under federal securities laws.