SEC’s Uyeda Says Memecoins Are Not Securities

In a recent statement, SEC Commissioner Mark Uyeda expressed his view that memecoins, which are cryptocurrencies inspired by internet memes, do not qualify as securities under the current regulatory framework. He emphasized that these digital assets lack the characteristics typically associated with securities, suggesting that they should not be subjected to the same regulatory scrutiny as traditional securities. This opinion reflects an ongoing debate within the financial regulatory community regarding the classification and oversight of various types of cryptocurrency. source: https://voiceofcrypto.online/ampstories/web-stories/secs-uyeda-says-memecoins-are-not-securities