The US SEC has classified Meme coin as not a security, and investors need to bear the risks themselves The Corporate Finance Division of the US Securities and Exchange Commission (SEC) has issued guidance on memecoins, stating that they are not securities but rather similar to collectibles. The department believes that the trading of memes described in the guidelines does not involve the issuance and sale of securities under federal securities laws. Therefore, individuals participating in the issuance and sale of memes do not need to register their transactions with the Commission under the 1933 Securities Act, nor do they need to comply with the registration exemption provisions in the Securities Act. Therefore, cryptocurrency buyers or holders are not protected by federal securities laws.