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Sec Says Meme Coins Are Not Securities | Techcrunch

The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from memes, as securities under United States federal law. The SEC argues that meme coins do not generate a yield or convey rights to future income, profits, or assets of a business, viewing them more like collectibles. This stance represents a stark contrast to the views of former chairman Gary Gensler, who repeatedly called for crypto tokens to be treated as securities.

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Sec Clarifies Meme Coins Not Subject to Securities Regulations Δ1.91

The SEC has announced that meme coins do not meet the requirements to be protected by federal securities law, effectively exempting them from regulation. The guidance comes after a rise in new meme coin cryptocurrencies, including those launched by Trump and his wife Melania, which have plummeted in value since being released. This decision may shield companies and individuals that create meme coins from potential litigation.

A Surprising Majority of Crypto Investors Are Taking Extreme Risks Δ1.77

According to a survey of 800 people conducted by the Kraken cryptocurrency exchange and published on Feb. 19, 85% of crypto holders in the U.S. are invested in at least one meme coin. This implies that the large majority of crypto investors are comfortable taking extreme risks, with 29% saying short-term gains are their main motivation for investing, and 76% believing the potential upsides justify the risks of these highly volatile assets. Roughly a third of investors, or 29%, are incorrectly oriented in terms of their strategy, seeking quick riches rather than sustainable portfolio growth.

Trump's Official Memecoin Rallies as He Declares Bitcoin and Ether at 'the Heart of the Reserve' Δ1.75

The TRUMP token is surging, rising 18.1% in 24 hours and outperforming major meme coins Dogecoin, Shiba Inu, and Pepe, following Donald Trump's confirmation that Bitcoin and Ethereum will be included in a U.S. Crypto Reserve. The rally comes after Trump reaffirmed his support for a U.S. Crypto Reserve, clarifying that Bitcoin and Ethereum will be at the heart of the Reserve. This statement reignited market confidence, sending Bitcoin surging back above $91,000.

Sec Is Abandoning Its Biggest Crypto Lawsuits Δ1.74

The US Securities and Exchange Commission (SEC) is backing away from a volley of lawsuits and investigations it brought against cryptocurrency businesses under the Joe Biden administration, in a reversal described by a former attorney at the regulatory agency as “unprecedented.” The sudden truce brings an end to years of legal conflict, marking a significant shift in the commission's stance towards the crypto industry. By calling off these cases, the SEC is signaling a new era of cooperation and understanding between regulators and businesses in the rapidly evolving world of cryptocurrency.

Crypto Stocks, Bitcoin Drop, Reversing Direction After Trump Touts US Crypto Reserve Δ1.74

Crypto stocks experienced volatility following former President Donald Trump's announcement on Truth Social regarding the creation of a U.S. crypto reserve that would include various cryptocurrencies such as bitcoin and ether. Despite an initial surge in prices, including a nearly 9% rise in bitcoin, the market reversed course, leading to declines in major crypto stocks and raising questions about the feasibility of Trump's proposal. Analysts highlight the mixed reception from the crypto community, noting the unexpected inclusion of multiple digital assets beyond bitcoin, while also emphasizing the uncertainty surrounding the implementation of such a reserve.

Trump Names Bitcoin and Others for Coming 'Crypto Strategic Reserve' Δ1.73

Trump sets up the reserve as the SEC backs off crypto enforcement. President Donald Trump has named some cryptocurrencies he says will be part of a Crypto Strategic Reserve being created by an executive order he signed in January, including Bitcoin and Ether. The move comes after the Securities and Exchange Commission (SEC) has recently dropped multiple investigations and lawsuits against cryptocurrency firms that alleged securities violations.

New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder Δ1.73

Cocoro (COCORO), the new meme coin launched by Own the DOGE, the group behind the original Doge meme's intellectual property, has made its debut on Base, the Ethereum layer-2 network developed by Coinbase. The coin's market cap surged past $80 million after its launch, but dropped to around $46 million with a token price near $0.046. COCORO's tokenomics feature 75% of the supply locked into liquidity pools, 20% distributed via airdrops to DOG and NEIRO holders.

Dogecoin Foundation Strikes Deals to Mainstream the Popular Memecoin Δ1.73

Dogecoin's price has been volatile, with sudden spikes and crashes, but recent deals with big brands aim to stabilize its value. The memecoin's influence is largely driven by Elon Musk's social media endorsements, which have created a segment of true believers who expect Musk to crown Dogecoin as the default currency of Earth. As the Dogecoin Foundation announces partnerships with major brands, investors will be watching closely to see if these efforts can calm market volatility and set the stage for sustained growth.

US Regulator Clears Path for Banks to Engage in Some Crypto Activities Δ1.72

The U.S. regulator overseeing national banks clarified that banks can engage in some crypto activities, such as crypto-asset custody, stablecoin activities, and participation in distributed ledger networks, without needing advance permission from regulators beforehand. This new guidance removes the expectation that firms should clear their crypto-related activities with regulators first, including demonstrating adequate controls for those business lines. The OCC also rescinded prior guidance telling banks to brief their supervisors on crypto activities beforehand.

Sec Dismisses Civil Enforcement Action Against Coinbase Δ1.72

The Securities and Exchange Commission has dismissed a civil enforcement action against Coinbase and its subsidiary Coinbase Global, citing the ongoing work of the Crypto Task Force. The dismissal marks a significant shift in the Commission's approach to regulating cryptocurrencies, with Acting Chairman Mark Uyeda stating that it's time for a more transparent and comprehensive framework. This move is expected to have far-reaching implications for the cryptocurrency industry.

Sec Backs Down on Federal Fraud Claims Against Crypto Entrepreneur Δ1.72

A U.S. District Judge has dismissed a Securities and Exchange Commission (SEC) lawsuit against Richard Heart, the founder of Hex cryptocurrency, due to alleged ties between his conduct and the United States. The SEC had accused Heart of raising more than $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million. The judge's ruling allows Heart to avoid accountability for allegedly deceptive online statements aimed at a global audience.

US SEC Drops Lawsuit Against Cryptocurrency Exchange Kraken Δ1.72

Kraken, one of the world's largest cryptocurrency exchanges, has secured a dismissal of a civil lawsuit accusing it of operating illegally as an unregistered securities exchange. The US Securities and Exchange Commission had filed the case in November 2023, alleging that Kraken had turned a "blind eye" to securities laws since 2018. However, after a turning point was reached with new leadership at the White House and the SEC, the commission agreed in principle to dismiss the lawsuit.

Trump Names Cryptocurrencies in Strategic Reserve; Prices Spike Δ1.72

The U.S. President's announcement of a crypto strategic reserve has sent shockwaves through the market, with prices of digital assets surging in response to Trump's plans. The inclusion of bitcoin and ether in the reserve has sparked excitement among cryptocurrency enthusiasts, while also raising concerns about the potential implications for investors and regulators. As the reserve is set to be established, experts are left wondering how it will be funded and managed.

Tariffs and Cryptocurrencies Edge Up Ahead of Trump's Moves Δ1.71

US stock futures rose on Monday amid uncertainty about President Donald Trump’s plans to impose tariffs on major US trading partners this week, boosting the Dow, S&P 500, and Nasdaq futures. The upcoming jobs report and key retail earnings also weighed on investors' minds as they consider potential implications for economic growth. Market volatility is expected to persist in March with tariff deadlines looming.

Trump Names Cryptocurrencies in Strategic Reserve, Sending Prices Up Δ1.71

The announcement by US President Donald Trump of five digital assets to be included in a new strategic reserve has sparked a significant increase in market values for each asset. The inclusion of digital assets in the reserve is seen as a shift towards active participation in the crypto economy by the US government, with potential benefits including accelerated institutional adoption and greater regulatory clarity. However, experts have expressed varying opinions on the announcement, with some viewing it as a positive development and others questioning its fundamental qualities.

Dogecoin, Shiba Inu, and Cardano Experience Extreme Volatility Following Trump's Comments on U.S. Strategic Crypto Reserve Δ1.71

The recent comments from President Donald Trump about a potential U.S. strategic crypto reserve have sent shockwaves through the cryptocurrency market, with meme tokens Dogecoin and Shiba Inu experiencing significant price swings in response to the news. Meanwhile, Cardano has seen its price surge by over 51% in the last 24 hours, leading to extreme volatility in the sector. The lack of clarity on which cryptocurrencies will be included in the reserve has left investors uncertain about the potential impact of a U.S. strategic crypto reserve.

Trump Announces Strategic Reserve for Top Cryptocurrencies. Δ1.71

President Donald Trump's surprise announcement of a strategic reserve comprising top cryptocurrencies, including Bitcoin and Ethereum, has sparked debate among industry figures about its implications and feasibility. The proposal has been met with skepticism by some, who question the practicality of storing large amounts of cryptocurrency in a physical location. However, others see it as a potential game-changer for the industry.

Tariffs Loom over Global Trade as Investors Cling to Hopes for Relief Δ1.71

Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies. Markets still unsure if U.S. tariffs will go ahead Nikkefutures rallied 1.7%, S&P 500 futures up 0.2% Euro up on hopes for progress on Ukraine-Russia deal

Crypto Fans Underwhelmed by “Symbolic” Trump Order Creating US Bitcoin Reserve Δ1.71

The executive order establishing a strategic bitcoin reserve is largely symbolic, providing no timeline for the acquisition of additional bitcoins by the US government. Despite President Trump's promise to make America the "crypto capital of the world," the lack of an active buying plan has disappointed many cryptocurrency enthusiasts. The reserve, which currently holds seized bitcoins already in the Treasury Department's store, does not address the fundamental issue of a steady supply of digital assets.

Crypto Rally Fades Despite Trump's New Promises About a US Reserve Δ1.70

The value of digital assets such as bitcoin and ether surged after President Donald Trump announced plans to establish a US strategic reserve, but the rally faded by Monday afternoon as prices began to decline. The president's promise included the inclusion of various cryptocurrencies in the potential reserve, which could boost their values if implemented. However, the specifics of how such a program would work are unclear.

Bitcoin Reserve Boost Sparks Hope for Crypto Market Δ1.70

Bitcoin was trading up more than 20% from last week's lows on Monday, with several other cryptocurrencies also rallying sharply following U.S. President Donald Trump's announcement of a new U.S. strategic reserve that will include bitcoin and ether. The move has lifted sentiment in the cryptocurrency market, which had been sliding since mid-January due to disappointment over Trump's lack of action on regulatory loosening. However, experts caution that further gains will depend on the sources of funding for the reserve.

Bitcoin and Ethereum Prices Soar After Trump Confirms U.S. Crypto Reserve Δ1.70

Bitcoin and Ethereum experienced a sharp rise on Sunday after Donald Trump confirmed that both would be included in a planned U.S. crypto reserve. In his initial post on Truth Social, Trump mentioned XRP, Solana, and Cardano but left out Bitcoin, leading to speculation. Hours later, he followed up with another post, writing, "And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the reserve."

The Crypto Industry Got What It Paid For Δ1.70

President Donald Trump's proposal for a U.S. Crypto Reserve aims to reward his billionaire crypto donors while potentially undermining the U.S. dollar's position as the world's reserve currency. Critics argue that this initiative could lead to taxpayer-funded bailouts for volatile cryptocurrencies, which are often associated with criminal activities and speculative trading. The proposal raises concerns about the implications for fiscal policy, economic stability, and the effectiveness of U.S. regulatory authority over digital assets.

Crypto Stocks Rally, Bitcoin Jumps as Trump Touts US Crypto Reserve Δ1.70

Crypto stocks rallied Monday after Trump said in a post on Truth Social that his administration will create a US crypto reserve. President Donald Trump's announcement sparked a $300 billion global crypto rally Sunday that has continued to start the trading week. The jump comes after bitcoin saw its worst month in February since June 2022, dropping roughly 17% as the so-called "Trump trade" lost steam.

Trump Announces U.S. Crypto Reserve With Bitcoin, Ethereum, Solana, XRP, and Cardano. Δ1.70

The U.S. strategic crypto reserve announced by President Trump marks a significant shift in the country's approach to digital assets, with multiple cryptocurrencies included in the mix. The move is seen as a response to market uncertainty following Trump's January executive order, which had raised concerns among Bitcoin advocates that the reserve could include other cryptocurrencies. Trump's commitment to Bitcoin and Ethereum suggests a strong focus on these two assets, but the broader implications for crypto regulations and the U.S. financial system remain unclear.