Wu said that the SEC has issued a statement clarifying the applicability of meme coins. The statement pointed out that meme coin is an encrypted asset inspired by Internet memes, roles or trends, which is usually used for entertainment, social and cultural purposes. Its value is mainly driven by market demand and speculation, and usually has no actual function. The SEC believes that the trading of meme coins does not involve the issuance and sale of securities, therefore participants do not need to register under the Securities Act and are not protected by federal securities laws. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38659