SEC statement on Meme Coins 

https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins

The U.S. Securities and Exchange Commission (SEC) has issued a staff statement addressing "meme coins," a category of crypto assets inspired by internet memes, characters, current events, or trends. These tokens are primarily driven by market demand and speculation, often lacking substantial use or functionality, and are typically purchased for entertainment, social interaction, or cultural purposes. Due to their speculative nature, meme coins are subject to significant price volatility.

The SEC's Division of Corporation Finance has expressed that, under current regulations, many meme coins do not fall within the SEC's jurisdiction. This perspective aligns with statements from SEC Commissioner Hester Peirce, who noted that numerous meme coins likely lie outside the agency's regulatory scope.

However, the SEC emphasizes the importance of investor awareness regarding the risks associated with meme coins. Investors are urged to exercise caution, conduct thorough research, and fully understand the speculative and volatile nature of these assets before considering any investment.

In summary, while the SEC currently views many meme coins as outside its regulatory authority, it remains vigilant in monitoring developments within the crypto space and advises investors to approach meme coin investments with caution.