In a National Law Journal article, capital markets partner Christopher Capuzzi discussed the U.S. Securities and Exchange Commission statement indicating that transactions involving meme coins, a type of cryptocurrency inspired by internet characters and trends, does not involve the offer and sale of securities under applicable law.
Christopher notes that despite the seemingly definitive statement by the SEC staff that meme coins are not ‘securities’ under the U.S. securities laws, the devil is always in the detail. “It’s important to remember that until Congress acts, we continue to operate in somewhat murky waters with regards to meme coin, cryptocurrency and other digital assets,” said Christopher.
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