Meme coins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation,” said t

The U.S. Securities and Exchange Commission declared that most meme coins, such as Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD), are more like collectibles than securities, sparing them from federal regulation but leaving buyers without traditional investor protections,

The SEC has ruled that meme coins are not securities, which could make the Meme Index presale the best crypto to buy now.

So-called meme coins, including those launched by the president and first lady, fail the SEC's Howey Test, the agency said.

The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from

Bitcoin, crypto prices tumble after Trump provides tariff update. The SEC rules that meme coins are collectibles, not securities.