Big news about memecoins! The US government agency that watches over financial things, the SEC, said that many memecoins aren't like stocks or bonds. They're more like collectible toys whose value goes up and down based on what people think.
- Memecoins are cryptocurrencies based on internet jokes or trends.
- The SEC says most memecoins aren't considered 'securities', meaning special rules don't apply to them.
- Their value changes a lot because people buy and sell based on feelings, not company profits.
- However, the SEC will still stop anyone cheating people using memecoins.
| Fact | Details |
|---|---|
| SEC Ruling | Most memecoins aren't securities. |
| Value | Based on popularity and trading. |
| Risk | Prices can go up and down quickly. |
