#MemesNotSecurity That’s a hot topic! In most cases, meme coins are not considered securities because they typically lack the key characteristics of securities, such as investment contracts or profit expectations based on the efforts of a central entity (as outlined in the Howey Test in the U.S.).

However, if a meme coin is marketed as an investment with promises of returns or is controlled by a centralized team that manipulates its value, regulators (like the SEC) could classify it as a security.

So while most meme coins are just speculative digital assets, legal classification depends on their structure and how they’re promoted