The US Securities and Exchange Commission has issued guidance stating it does not consider most meme coins to be securities under federal law. This means individuals purchasing or holding these coins are not protected by federal securities laws. The clarification aims to provide clarity on the regulatory landscape for crypto assets. While some investors may view this as a positive development, others are concerned about potential market volatility and increased risk for investors. The guidance does not apply to all types of crypto assets, leaving room for future regulatory developments and potential clarification. Further interpretation is needed to understand full implications.