TechFlow news, on February 28, according to Jinshi News, the U.S. Securities and Exchange Commission's (SEC) Division of Corporation Finance issued guidance on memecoins, stating they are not securities but are akin to collectibles. The division concluded that transactions involving memecoins described in the guidance do not constitute offers or sales of securities under federal securities laws.
As a result, individuals involved in the issuance and sale of memecoins are not required to register their transactions with the Commission under the Securities Act of 1933, nor must they comply with registration exemptions under the Act. Therefore, purchasers or holders of memecoins do not receive protections under federal securities laws.
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