SEC declares Memecoins not subject to supervision

Securities and exchanges commission said on Thursday that the so-called memecoins – News of digital funds – are not subject to regulatory supervision, because they are not considered securities.

Determination could have great consequences for the crypto industry and President Trump, which issued its days of memory before its inauguration.

Seeds policy is in line with the regulations on the light regulator that Mr. Trump promised to accept Kryptou in the industry during his campaign.

Г. Trump and his family have accepted the digital currencies with a new company for digital assets last year, Financial world freedom. The Memecoin The President presented in January during the overcaliginal ceremonies, called $ Trump, encouraged polemics because he was wonderfully swinging in the value and Generated Hefti Duration For Mr. Trump.

The SEC Policy Statement did not apply to Memecoin Mr. Trump or any other specific items of digital novelty. But the Commission clearly recognized the risk of investors who put money in such products, even as it was said that they would not regulate them.

“Although supply and sale of memos cannot be subject to federal behavior related to the offer and sale of memos may be subject to executive parts or prosecution by other federal or state agencies,” the statement from SECs of SEC Finance Department said

In reaching its conclusion, the Decision employed the decision of the Supreme Court of Levent Century to determine that Memecoin should not be considered an investment agreement and is therefore subject to regulatory supervision.

Under Gary Gensler, who served as a sec chair under President Joseph R. Biden Jr., The regulator used the same Supreme Court for the Supreme Court to claim that most digital funds of securities and subject regulations.

Sex, obviously worried that traders and speculators could use his reasoning to avoid the decree, he said carefully to any new product trying to stick “memecoin”.

The agency quickly moved to dismantle an aggressive approach taken by Mr. Gensler in regulating cryptocurries. His executive actions nated the crypto industry and guided many of his investors to strongly contribute to Mr. Trump campaign, who was a crypto critic at one point.

Also Thursday, Sex officially moved to They reject their lawsuit for conducting coinbase, One of the largest nation crypto firms. SEC also told numerous crypto companies that it ended investigations of their activities.

Sex also said in court that submitted this week that he was trying to reach a settlement in the case of a civilian fraud he filed against Justin of the Sun, crypto investor. Г. Sun is also a world freedom advisor and a significant investor in its digital token. The charges against him do not include their investment with world freedom.