The Staff elaborated, stating that meme coins, unlike securities such as stocks, notes, bonds, and investment contracts, “do[] not generate a yield or convey rights to future income, profits ...

Five meme coins would be considered unicorns ... And of course, it’s important to note that staff statements are not rules or regulations and thus have no legal force, although they do provide ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...

The latest: The U.S. Securities and Exchange Commission's Division of Corporate Finance put out a staff statement on Thursday that said, generally speaking, meme coins are not securities.