🔥 Shocking! SEC may relax cryptocurrency regulations, meme coins are no longer securities!

New SEC regulations suggest: Meme coins will not be subject to securities regulation!

Mark Uyeda, a member of the U.S. Securities and Exchange Commission (SEC), recently revealed that the SEC will ease its regulation of cryptocurrencies, clearly stating that meme coins, proof-of-work (PoW) assets, and stablecoins that do not pay interest do not meet the definition of securities and therefore are not governed by federal securities law.

In an interview, Uyeda explained that these assets do not have investment contracts and cannot be considered securities. This statement is consistent with the staff guidance released in February, confirming the SEC's position on meme coins. However, any meme coin project that attempts to profit through others may still face regulatory scrutiny.

Dogecoin ETF application pending

The Dogecoin ETF application is awaiting SEC approval, although there is much uncertainty in the market about whether it will be approved. Predictions suggest that the Dogecoin ETF has a 50% chance of approval by the end of 2025.

As regulators continue to push for a principles-based regulatory framework, the rules for the cryptocurrency industry may undergo significant changes in the future.