The SEC confirmed that meme coins do not meet the Howey Test criteria to be categorised as securities.
TRUMP coin is leading the declining market, losing over 14 per cent in 24 hours.
Why is Dogecoin price going down today? Check DOGE news and price predictions for 2025 and beyond
The Securities and Exchange Commission (SEC) formally admitted yesterday (Thursday) that meme coins do not fall under its purview as they cannot be categorised as securities. Despite this, most of the top meme coins dropped by over 10 per cent in the past 24 hours, following the broader industry trend.
Meme Coins Have “Limited or No Use”
SEC Commissioner Hester Peirce earlier commented in an interview about the stance of the newly created Crypto Task Force under her leadership towards meme coins. Now, the agency has formalised it.
“A ‘meme coin’ is a type of crypto asset inspired by internet memes, characters, current events, or trends, for which the promoter seeks to attract an enthusiastic online community to purchase the meme coin and engage in its trading,” a staff statement published on the SEC’s website noted.
The statement further confirmed that meme coins “typically have limited or no use or functionality” and do not meet the definition of a security under the Howey Test.
Despite the regulatory boost, the value of top meme coins has continued to fall over the past few days. Market leader Dogecoin (DOGE), with a market cap of over $27.5 billion, has lost about 10 per cent of its value in the past 24 hours and almost 28 per cent in seven days.
Price movement of DOGE in past 7 days; Source: CoinGecko
Shiba Inu (SHIB) and Pepe (PEPE) are also following a similar trend, losing 15 per cent and over 23 per cent, respectively, in the past week.
TRUMP coin, which US President Donald Trump backs, remained at the forefront of the declining meme coins. It lost 14.3 per cent in the past 24 hours and 32.2 per cent in seven days.
According to CoinGecko, the overall meme coin market is down by 8.6 per cent. This occurred as Bitcoin fell below the $80,000 mark, losing almost all of its gains since President Trump assumed office. Ethereum and XRP, two other top cryptocurrencies by market cap, also lost over 20 per cent of their value in the past week.
Top meme coins in the market; Source: CoinGecko
It should be noted that meme coins received a massive boost following Trump's victory as the 47th President of the US. Dogecoin surged to $0.47 after Trump’s 2024 win, primarily driven by Elon Musk’s endorsement and the creation of the Department of Government Efficiency (DOGE) in early 2025. However, investor enthusiasm has since faded.
“The offer and sale of meme coins do not involve an investment in an enterprise, nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others,” the SEC’s latest statement added.
The Securities and Exchange Commission (SEC) formally admitted yesterday (Thursday) that meme coins do not fall under its purview as they cannot be categorised as securities. Despite this, most of the top meme coins dropped by over 10 per cent in the past 24 hours, following the broader industry trend.
Meme Coins Have “Limited or No Use”
SEC Commissioner Hester Peirce earlier commented in an interview about the stance of the newly created Crypto Task Force under her leadership towards meme coins. Now, the agency has formalised it.
“A ‘meme coin’ is a type of crypto asset inspired by internet memes, characters, current events, or trends, for which the promoter seeks to attract an enthusiastic online community to purchase the meme coin and engage in its trading,” a staff statement published on the SEC’s website noted.
The statement further confirmed that meme coins “typically have limited or no use or functionality” and do not meet the definition of a security under the Howey Test.
Despite the regulatory boost, the value of top meme coins has continued to fall over the past few days. Market leader Dogecoin (DOGE), with a market cap of over $27.5 billion, has lost about 10 per cent of its value in the past 24 hours and almost 28 per cent in seven days.
Price movement of DOGE in past 7 days; Source: CoinGecko
Shiba Inu (SHIB) and Pepe (PEPE) are also following a similar trend, losing 15 per cent and over 23 per cent, respectively, in the past week.
TRUMP coin, which US President Donald Trump backs, remained at the forefront of the declining meme coins. It lost 14.3 per cent in the past 24 hours and 32.2 per cent in seven days.
According to CoinGecko, the overall meme coin market is down by 8.6 per cent. This occurred as Bitcoin fell below the $80,000 mark, losing almost all of its gains since President Trump assumed office. Ethereum and XRP, two other top cryptocurrencies by market cap, also lost over 20 per cent of their value in the past week.
Top meme coins in the market; Source: CoinGecko
It should be noted that meme coins received a massive boost following Trump's victory as the 47th President of the US. Dogecoin surged to $0.47 after Trump’s 2024 win, primarily driven by Elon Musk’s endorsement and the creation of the Department of Government Efficiency (DOGE) in early 2025. However, investor enthusiasm has since faded.
“The offer and sale of meme coins do not involve an investment in an enterprise, nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others,” the SEC’s latest statement added.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
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In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
