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The #SEC (which is now run by a crypto bro) just fully legalized #memecoins.
https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins
www.sec.govSEC.gov | Staff Statement on Meme CoinsAs part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the Division of Corporation Finance is providing its views[1] on “meme coins.”
I hate cryptocurrencies and meme coins, but, as a former securities lawyer, I don't see how meme coins are securities. I haven't analyzed this in any detail, but meme coins just don't fit in the definition.