Meme coins are not securities and therefore subordinate to federal law regulating financial instruments Securities and Exchange Commission. The official position of the agency in meme coins, compared to collection items, since the values "was obtained from speculative trade and collective feelings of the market." Meme coins do not comply with the definition of securities by law, as if they are "Does not create a product or lack of future income, profit or business assets." People who buy them are also invested in an enterprise, that is, they do not have them "Investment agreements" Classified as securities.
Thus, the people who sell and offer meme coins should not be registered with the commission by the commission of the security act. Buyers are not protected by securities laws, although these cheats will not be able to use them to use them to be able to use them to dupe. Any false operation related to meme coins can still be exposed to the implementation campaign within other federal and state laws.
Trump Administration Securities and Exchange Commission shows friendship to the cryptocafrency industry so far since the office. Simply agreed on the sec this month put an end to the proceedings Unregistered securities exchanged illegally. The commission also fell Investigation on RobinismFaced with charges of violating the laws of securities with cryptist and sales.
Although the commission does not regulate meme coins, he says it will still appreciate "Economic realities" of the supposed suspicious transactions. Meme coins must be Crypto assets "Inspired by Internet memies, characters, current events or trends" Purchased for "Entertainment, Social Interaction and Cultural Objectives" and who is worth "It is mainly controlled by market demand and assumption." There are typically "Limited or use or handling ability," The commission wrote and "Experience the change in significant market price." Assets labeled as cryptist "Meme coins" If they do not comply with this definition to avoid the rules, it will be accepted as securities.
This article first https://www.engadget.com/big-tech/sec-ssays-me-seps-sup-toins-subject–federal-subecties-laws-subectities-laws-40032772.html?src=rss
Source link
Leave a Reply