Subject: Ah, the new SEC and more corruption


SEC Rules Meme Coins Are Not Securities, Shielding Trump’s Crypto From Regulation

What Happened: The SEC declared that meme coins, including Trump's $TRUMP token, are “collectibles” and not subject to federal securities laws. This shields meme coin issuers from regulation, despite $TRUMP’s price plummeting from $74 to $12 after Trump’s inauguration.

Why It Matters: This ruling greenlights political figures using meme coins for personal profit with zero oversight. Trump and his cronies are cashing in on speculative hype, avoiding securities regulations while Democrats scramble to close the loophole.

Source: ABC News