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SEC says most meme coins are not securities

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Summary
Nutrition label

83% Informative

Meme coins "typically have limited or no use or functionality" and are "more akin to collectibles," SEC says.

Agency: "A meme coin does not constitute any of the common financial instruments specifically enumerated in the definition of 'security' The clarification comes after a rapid rise of such cryptocurrencies following the election of President Donald Trump .

VR Score

85

Informative language

85

Neutral language

57

Article tone

informal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

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