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SEC Rejects Shiba Inu, Dogecoin, TRUMP, Meme coins as Securities, Compares Them to Trading Cards

  • The U.S. SEC announced that meme coins like Shiba Inu, Dogecoin, TRUMP, and others are not considered securities.
  • SEC Commissioner Caroline Crenshaw disagrees with the decision and argues that meme coins should be subject to SEC oversight.
  • The SEC's Division of Corporate Finance stated that meme coins lack underlying value, function, and have similarities to collectibles.
  • Politicians are pushing for regulations against creating meme coins to prevent potential fraud and manipulation.

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