The Supreme Education Council says that the Mimwings are not securities, but fraud will remain deformed

The US Securities and Stock Exchange Committee says it does not look at the mines as securities, but warned that any fraudulent symbols are still undergoing enforcement by other organizers.

The Foundation’s Foundation Department of the Agency He said In a February 27 statement, in his opinion, “Memecoins does not include the offer and sale of securities under federal securities laws” and “similar to holdings.”

“As such, people who participate in the offer and sale of Meme currencies do not need to register their transactions with the committee,” SEC said.

He added that the buyer and holders of the mimalin will not be protected by the laws of US Securities, but they said that the mimosine’s fraudulent offer and the “enforcement or prosecution or prosecution by other federal or government agencies.”

SEC added that she participated in her views “as part of an attempt to provide more clarity on the application of federal securities laws to encryption assets.”

US President Donald Trump has moved to SEC’s organizational supervision of the encryption space, looking forward to a good investigation into one of his promises to his campaign. The agency launched a coding work team last month to create a frame of digital assets.

Trump and First Lady Melania Trump launched themselves a few days before they entered the White House on January 20, which caused criticism from many commentators in encryption and some of Trump’s supporters.

The official Mimxen Trump, Trump (Trump), decreased by about 83 % of its peak, while the Melania Trump, Melania Mimi (Melania) code, decreased by 93.5 % of its height, According to to Coingecko.

SEC statement comes after ABC News stated on the same day that Democrats in the American House of Representatives are to submit a bill prohibiting public officials, including presidents, of the ability to issue, care or support any security, commodity or digital assets, including Memecoins.

In its statement, the Supreme Education Council said that Memecoins “usually has benefit or unlimited” and “tends to experience great fluctuations in market prices.”

He added that Mimikoin is not commensurate with “any of the common financial tools mentioned specifically in the definition of” security ” – such as stocks or bonds – because it does not give the return or rights of” income, profits or future business assets. “

The Supreme Education Council said that the MIMEN is not commensurate with the definition of the “investment contract” under the Howwey Securities Test-It is defined as investing funds in a joint institution, such as business, where investors enjoy the expectations of needs from the efforts of others.

Related to: The former CFTC lawyer says the agency must lead the Memecoin regulations

The agency said: “The offer and sale of Meme Coins does not include an investment in the institution and is not implemented with a reasonable expectation of profits that can be derived from the efforts made to others in entrepreneurship or administrative.”

“In other words, Mimi’s currency is not in itself safe.”

SEC added that its statement does not apply to memecoins that does not contradict his description of a product, or any products that bear a mark that it is a mechanical in an attempt to hide from the laws of securities “by hiding a product that may be safe.”

She said: “The partition will evaluate the economic facts of the specific treatment.”

“They may not have a house in SEC under our current collection of regulations,” said SEC Hester People, who leads the agency’s encryption squad, said earlier this month.

X Hall of Flame: Memecoins will die and Defi will rise again – Sasha Ivanov