03.01.25

SEC Says Memecoins Are Not Subject to Oversight

by: Matthew Goldstein

The U.S. Securities and Exchange Commission (SEC) said that memecoins are not subject to regulatory oversight because they are not considered securities. In reaching its conclusion, the SEC relied on a nearly century-old U.S. Supreme Court decision to determine that a memecoin should not be considered an investment contract and therefore subject to regulatory oversight. Under former Chair Gary Gensler, the SEC had used the same case to argue that most digital assets are securities and subject to regulation.

Read the full article on The New York Times