Jason J. Mendro

1 month ago | coindesk.com | Jason J. Mendro |Matt Gregory |Nick Harper |Benjamin Schiller

There is more to SEC’s recent memecoin guidance than meets the eye. On Feb. 27, the staff of the SEC’s Division of Corporate Finance issued guidance explaining that memecoins — which the SEC described as digital assets “inspired by internet memes, characters, current events, or trends for which the promoter seeks to attract an enthusiastic online community” — are generally not sold as securities.