BREAKING: The SEC's Division of Corporation Finance has just put out guidance on memecoins saying they are NOT securities and are akin to collectibles, per Eleanor Terrett.
Comments
Log in with your Bluesky account to leave a comment
It is insane how they work. Pretty much everyone knows they are a scam, but people buy hoping the rug pull doesn’t happen at their purchase price and they can sell on the rise. Then some genius collects transaction fees and gets real profit with no risk.
The only sure way to make money here is if you are a sniper. This refers to a trader or automated bot designed to execute rapid and precise transactions. These snipers aim to exploit opportunities such as newly launched tokens, typically insiders.
A speculative assest with no use value. To prevent fraud allegations you call it dickbutt coin and make $10,000 pulling rug on other blue light addicts
Well, remember Beanie Babies? Buy at your own risk—no one will ever be held responsible because these aren’t regulated securities, just collectibles. It is a license to print scam, I mean money with zero consequences.
If they were regulated, the next thing people would be whining about is that the government needs to make these imbeciles whole. People who buy Crypto should do it at their own risk, and the people who are defrauded deserve what they get.
Comments