Big news for memecoins! The SEC, a group that makes rules for money, says memecoins are more like fun collectibles than investments. They're like trading cards, not stocks. This is different from what they said before.
- Memecoins are bought for fun, not just to make money.
- Their prices go up and down based on what people think, not a company's success.
- The SEC says most memecoins aren't subject to their rules, but scams will still be punished.
| Fact | Details |
|---|---|
| SEC Statement | Memecoins are not securities (mostly). |
| Reason | Driven by hype and not a business plan. |
| Future | Still some uncertainty, scams will be prosecuted. |
