Meme coins are not securities, according to the SEC

Meme coins are not securities, according to the SEC

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

My assumption based on this (and some crack chatGPT 3o analysis) is that memecoins which share trading rewards with holders of the coin are securities

design @splits | /wireframe /latenightcrew /event-pass /feud

Lead Clank @clankpad || Midwest mom in a California dad bod || Ruthlessly pro Farcaster

are you sure? I thought everything was legal now