The situation around meme coin regulation in the US continues to spark active discussions. SEC and CFTC have voiced their stances, while Congress prepares legislation.
SEC and Meme Coins: New Stance
The SEC officially declared that meme coins are not viewed as securities but warned of possible actions against fraud. According to the SEC, meme coins are more akin to collectibles rather than financial instruments like stocks.
CFTC's Opinions on Meme Coin Regulation
Elizabeth Davis, a former chief trial attorney at the CFTC, believes the agency is better positioned to regulate meme coins. She notes that the CFTC focuses heavily on retail investor protection, aligning with meme coin users.
US Congress and Legislative Efforts
Congress is discussing banning officials from issuing meme coins. The MEME Act, proposed by California Representative Sam Liccardo, aims to prevent public officials from financially exploiting digital assets.
The regulation of meme coins remains unresolved, but US authorities are actively working on establishing a clear legal framework. These efforts are aimed at protecting investors and stabilizing digital assets.
