The Securities and Exchange Commission (SEC) formally admitted yesterday (Thursday) that meme coins do not fall under its purview as they cannot be categorised as securities. Despite this, most of the top meme coins dropped by over 10 per cent in the past 24 hours, following the broader industry trend.Meme Coins Have “Limited or No Use”SEC Commissioner Hester Peirce earlier commented in an interview about the stance of the newly created Crypto Task Force under her leadership towards meme coins…
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