SEC Announcement: The Dogecoin Celebration Continues!

The U.S. Securities and Exchange Commission (SEC) has officially “unshackled” meme coins—these cryptocurrency assets driven by memes, communities, and emotions do not fall under the category of securities and are currently not regulated by federal securities laws.

💡 The SEC defines three main characteristics:

1️⃣ Purely entertainment properties: buying coins not for functionality, but for “having fun” and community presence;

2️⃣ Zero practicality: once obtained, they can only serve as “digital collectibles,” without redeemable value or governance participation;

3️⃣ High-risk warning: project teams clearly state “don’t expect to make money, the risks are yours to bear.”

🚨 Risk Warning:

- Price volatility is extreme, as seen when Trump coin surged 1250% in one day and then plummeted by 80%;

- Over 86% of traders lose money in celebrity-backed projects;

- Fraud remains illegal: if it involves false advertising or misappropriation of funds, the SEC will still take strong action.

📉 The Cost of Regulatory Vacuum:

- The threshold for issuing coins is extremely low, with one-click generation tools rampant;

- Over 95% of meme coins ultimately go to zero due to lack of value support;

- Retail investors are easily manipulated by “pump-and-dump” schemes, as seen with the LIBRA project team stealing $100 million.

👉 Conclusion: SEC inaction ≠ safety; treating cryptocurrency as “high-risk entertainment” is advisable, participate with disposable income, and be wary of celebrity endorsements and community brainwashing.