The U.S. securities regulator has a lot of work to do, which is part of the reason it decided to clear the meme coins question off its agenda last week, commissioner Hester Peirce, the chair of the agency's crypto task force,

On February 27, 2025, staff in the SEC’s Division of Corporation Finance issued a public statement on so-called meme coins. According to the statement, meme coins meeting certain specified conditions will not be deemed securities for purposes of the federal securities laws.

The Securities and Exchange Commission (SEC) issued pivotal guidance on Thursday evening, declaring that most meme coins do not qualify as securities under U.S. federal law. This announcement clarifies years of uncertainty surrounding these digital assets,