Big news about meme coins! The SEC, a group that makes rules about money, says meme coins aren't like stocks or bonds. They're more like collectible items. This means the SEC doesn't need to control how they're bought and sold.
- Meme coins are not considered securities anymore.
- Buying meme coins is like guessing if their price will go up.
- The SEC will still stop anyone cheating with meme coins.
Fact | Detail |
---|---|
SEC's new rule | Meme coins are not securities. |
Reason | Their value depends on demand, not company profits. |
Important Note | Cheating with meme coins is still illegal. |