SEC’s Uyeda Drops Crypto Bombshell: Memecoins Escape Security Label, Regulation Eases

In a move that’ll make degens cheer and lawyers groan, SEC Commissioner Mark Uyeda hints at lighter crypto rules—claiming most memecoins aren’t securities. Finally, regulators admit what traders knew all along: Dogwifhat isn’t the next Berkshire Hathaway.

Wall Street’s clutching its pearls as the SEC softens its stance—probably because they missed the 100x on Pepe. The ’protection’ racket takes a hit while crypto’s wild west gets a tacit green light. Just don’t ask about the tax implications.

SEC greenlights memecoins

His statement echoed a similar agency’s staff guidance issued on 27 February. Part of the statement read, 

“It is the Division’s view that transactions in the types of meme coins described in this statement, do not involve the offer and sale of securities under the federal securities laws.”

However, the agency warned that any products labelled “memecoins” to avoid registration, yet expected to make a profit via others (managers, etc), would be evaluated accordingly. 

That being said, a flurry of altcoin and memecoin ETFs have been submitted for the agency’s approval.

Right now, Dogecoin [DOGE] leads the spree of ETF applications. According to the predictions site Polymarket, approval odds are now 50/50 by the end of 2025 and 25% by July. 

Source: Polymarket

Simply put, the market isn’t sure whether the regulator will greenlight the DOGE ETF or discard it. 

According to Uyeda, the agency will now push for principle-based regulations as part of its next steps in the regulatory pathway.

The ongoing round-table discussions led by the regulator’s Crypto Task Force will inform the expected framework for the industry.