SEC Crypto task force Hester Peirce (crypto mom) OK’d meme coin degeneracy, Meme Index (MEMEX) is the perfect play as the market matures.
The U.S. Securities and Exchange Commission (SEC) has made it clear that it wants nothing to do with meme coins. Crypto Mom, aka Hester Peirce, the head of the SEC’s newly created ‘Crypto Task Force,’ said meme coins aren’t securities and are seen more like collectibles.
The SEC task force defines meme coins as a “type of crypto asset inspired by internet memes, characters, current events or trends for which the promoter seeks to attract an enthusiastic online community to purchase the meme coin and engage in its trading”.
WOW.
The SEC just said that meme coins are generally NOT considered securities under US federal law.
They also said that meme coins have "limited or no use" and do not need to be registered with the SEC.
This is a MASSIVE statement by the SEC. pic.twitter.com/7KpB2c2481
— The Kobeissi Letter (@KobeissiLetter) February 27, 2025
Statement From Crypto Task Force Head Hester Peirce Says Meme Coins Are ‘Outside Of The SEC’s Jurisdiction’
In a statement titled ‘Staff Statement on Meme Coins,’ the SEC says that meme coins have “limited or no use or functionality,” so they do not meet the definition of a security under the Howey Test and, as a result, fall outside the SEC’s jurisdiction.
The statement is a notation of comments made by Hester Peirce, the head of the SEC’s newly created Crypto Task Force. Since its formation in January, this new group has been leading the charge for the SEC’s u-turn on crypto regulation.
In a crypto regulation roadmap from early February, Peirce wrote, “If people want to buy a token or product that lacks a clear long-term value proposition, they should feel free but should not be surprised someday if the price drops.”
She went on to say, “In this country, people generally have a right to make decisions for themselves, but the counterpart to that wonderful American liberty is the equally wonderful American expectation that people must decide for themselves, not look to Mama Government to tell them what to do or not to do, nor to bail them out when they do something that turns out badly.”
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Things Have Been Looking Better For Crypto Regulation In The US Since The Termination Of Infamous ‘SAB 121’ Document By Crypto Task Force
Busy month for the SEC:
– Launched a (pro) Crypto Task Force
– Repealed SAB 121
– Dismissed Coinbase lawsuit
– Dismissed MetaMask lawsuit
– Paused Binance lawsuit
– Dropped Uniswap investigation
– Dropped OpenSea investigation
– Dropped Gemini investigation— Ryan Rasmussen (@RasterlyRock) February 27, 2025
The Staff Accounting Bulletin No. 121 (SAB 121), which was offered by the agency accounting staffers under the Biden administration, was causing fear and uncertainty across the crypto sector.
The long-running argument against it was that there were no clear guidelines and far too much ambiguity, and crypto firms were treated like criminals by the previous SEC administration.
Since Donald Trump revamped the SEC leadership, SAB 121 has been removed. Hester Peirce is leading a move toward clearer and fairer regulation.
Peirce has clarified that US investors are responsible for doing their due diligence on the digital assets they buy. However, the SEC has not ruled out using its enforcement powers in any case where crypto is being used to evade securities laws.
BONUS: Meme Coins Are Legal Now, MEMEX Ensures You Never Miss a Pump
On paper, Meme Index (MEMEX) looks like the perfect play following the SEC’s green light on meme coin gambling. This super hot project is still in presale. It has raised nearly $4 million in a little over a month, impressive during such turbulent times across the market.
Meme coins are back on the menu, thanks to Crypto Mom, aka Hester Peirce. As a result, MEMEX represents everything one needs in a meme coin project. It is the market’s answer to traditional stock market index funds.
Many individuals have limited time to research and keep track of their meme coin buys. Meme Index solves this issue by offering investors access to four decentralized indexes tailored to different risk preferences.
Overview Of The Index Options For MEMEX Holders:
- Titan captures the big names with massive market caps and less turbulence.
- Moonshot hunts ambitious tokens positioned to shake the top 10.
- MidCap rolls the dice on mid-range coins with uncertain futures.
- Frenzy harnesses the adrenaline of brand-new, sky-or-floor tokens.
There is something for everyone within these four funds. The meme coin sector moves at a blistering pace and can be hard to keep up with. This is true for even the most seasoned degens.
This is why MEMEX is the answer. It allows holders access to the meme coin market and lets the pros handle the fund. It is no different from financial advisors managing a normie’s stocks and shares portfolio.
Meme Index even offers staking rewards for the presale. Passive income is on the menu for any investor who chooses to stake their presale bag. There is currently an astounding 586% APY on offer for those who choose to stake.
Check Out The Meme Index Presale Today
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The SEC's Crypto Task Force Has Given The Green Light For Meme Coin Degeneracy
In This Article
- Statement From Crypto Task Force Head Hester Peirce Says Meme Coins Are 'Outside Of The SEC's Jurisdiction'
- Things Have Been Looking Better For Crypto Regulation In The US Since The Termination Of Infamous 'SAB 121' Document By Crypto Task Force
- BONUS: Meme Coins Are Legal Now, MEMEX Ensures You Never Miss a Pump
- Overview Of The Index Options For MEMEX Holders:
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