ANALYSIS: Memecoin Securities Suits Viable Despite SEC Memo

Memecoins are having their moment in the sun under President Donald Trump. Trump launched his own memecoin immediately prior to his inaguration, and the SEC is taking steps to publicize the administration’s memecoin-friendly stance.

In February, as part of the SEC’s efforts to reverse the digital asset-skeptical position of the previous administration, the agency issued a “Staff Statement on Meme Coins.” The statement finds that memecoins don’t meet the federal test to be considered securities, and therefore aren’t required to engage in the SEC’s registration and disclosure regime. It reverses the position of former SEC Chair Gary Gensler, ...