Uyeda’s SEC argues that meme coins are not securities in its view, because they do “not generate a yield or convey rights to future income, profits, or assets of a business.” Rather, the ...

Small first-time investors became obsessed with these “meme stocks” because they were ... they kept buying and holding penny stocks. The SEC and the DOJ declined to comment.

In this regard, meme coins are akin to collectibles," the SEC said in a statement from its division of corporate finance. Meme coins are a highly volatile slice of the crypto industry that may ...

As a result, the SEC says it does not believe people who purchase or hold meme coins are protected by federal securities law and that people “who participate in the offer and sale of meme coins ...