SEC concludes the crypto hype cycle has shed any pretense of financial legitmacy and evolved into pure, unregulated gambling.
https://watcher.guru/news/sec-meme-coins-are-generally-not-securities-under-federal-law
“The offer and sale of meme coins does not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profits”
😁😁😁
SEC concludes the crypto hype cycle has shed any pretense of financial legitmacy and evolved into pure, unregulated gambling.