Replying to Avatar Peter Todd

https://watcher.guru/news/sec-meme-coins-are-generally-not-securities-under-federal-law

โ€œThe offer and sale of meme coins does not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profitsโ€

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Sounds like this will add a lot of fuel to the shitcoin dumpster fire.

People will get rekt relentlessly - good for bitcoin adoption possibly

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