There has been a major development in the cryptocurrency world. The US Securities and Exchange Commission (SEC) has announced that most meme coins will not be considered securities under federal law. This decision could be a significant turning point for crypto investors and especially the meme coin community.
What Does the SEC's Statement Mean?
According to the SEC's statement, popular meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) generally do not fall under the definition of a security. The Commission stated that such assets are not managed by a central organization or company by nature and investors do not act directly based on a company's profit.
However, the SEC also emphasized that there may be some exceptions. If a meme coin is launched by a certain group or company and investors are guaranteed a profit, it stated that such assets can be considered a security. In other words, as a general rule, meme coins are not securities, but some may be subject to scrutiny.
What Will Its Impact on the Market?
This statement by the SEC is considered a positive development, especially for meme coin investors. This decision may reduce the concerns investors have experienced due to regulatory uncertainty. It may also allow such assets to reach a wider adoption rate.
On the other hand, this situation can also be read as a signal of softening in the SEC's approach to crypto assets in general. Recently, the SEC has concluded its investigations into crypto companies such as Gemini, OpenSea, Uniswap and Robinhood. Now, it seems to be reducing its pressure on the sector by taking a more flexible stance on meme coins.
The SEC's decision not to consider meme coins as securities could be a significant turning point for the cryptocurrency market. This decision means a decrease in regulatory pressure and eliminates uncertainty in the sector to some extent. We will continue to follow the developments to see whether there will be more flexibility in the SEC's regulatory approach to crypto in the coming period.