#MEMEAct 🇺🇸 United States: SEC Excludes Memecoins from Securities Category

In February 2025, the U.S. Securities and Exchange Commission (SEC) issued guidance stating that memecoins do not qualify as securities under the Howey Test. This means they are not subject to federal securities laws, as they do not represent an investment in a company or offer reasonable expectations of profits derived from third-party efforts.

SEC Commissioner Hester Peirce noted that many memecoins fall outside the regulator's jurisdiction, although she warned that investors should be aware of the risks associated with these highly speculative assets.

🇦🇪 Dubai: Strict Regulation to Protect Investors

Dubai's Virtual Assets Regulatory Authority (VARA) has imposed strict regulations on memecoins issued in the emirate. These must comply with local regulations, including registration requirements and restrictions on promotion and advertising. VARA warns that many memecoins lack intrinsic value and are subject to market manipulation, urging investors to act with caution.

🇪🇺 European Union: MiCA Regulation and its Focus on Cryptoassets

The Markets in Cryptoassets Regulation (MiCA), which came into force in the European Union in December 2024, establishes a regulatory framework for cryptoassets. Although it does not specifically mention memecoins, MiCA requires transparency and consumer protection for all cryptoasset issuers, which could apply to memecoins depending on their structure and characteristics.

🇸🇻 El Salvador: Bitcoin Law Reforms

In January 2025, El Salvador's President Nayib Bukele called for a reform to the national Bitcoin law. Although the reform focuses on the use of Bitcoin as legal tender, it reflects the country's interest in adjusting its legal framework in response to the evolving cryptocurrency market.

#MEMEAct