The U.S. securities regulator has a lot of work to do, which is part of the reason it decided to clear the meme coins question off its agenda last week, commissioner Hester Peirce, the chair of the agency's crypto task force,

As the cryptocurrency market rebounds from a bearish market thanks to the unexpected announcement by US President Trump of the upcoming establishment of the US Crypto Reserve, the Securities and Exchange Commission is revising its crypto policy.

The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from

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

On February 27, 2025, staff in the SEC’s Division of Corporation Finance issued a public statement on so-called meme coins. According to the statement, meme coins meeting certain specified conditions will not be deemed securities for purposes of the federal securities laws.

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

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 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,