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The SEC says Meme Coins are not securities and will not be treated as such. What does this mean for the crypto industry?

Despite the seemingly definitive statement by the staff that meme coins are not ‘securities’ under the U.S. securities laws, the devil is always in the detail,” said Christopher Capuzzi, a capital markets partner at Ropes & Gray.

So-called meme coins, including those launched by the president and first lady, fail the SEC's Howey Test, the agency said.

The U.S. Securities and Exchange Commission declared that most meme coins, such as Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD), are more like collectibles than securities, sparing them from federal regulation but leaving buyers without traditional investor protections,

According to the SEC, the coins are more akin to "collectibles" and don't fall under the category of securities under federal law.

The U.S. Securities and Exchange Commission (SEC) has officially stated that meme coins are not considered securities under federal regulations. The announcement, made on February 28, 2025, provides much-needed regulatory clarity for developers,

Bitcoin, crypto prices tumble after Trump provides tariff update. The SEC rules that meme coins are collectibles, not securities.