The US Securities and Exchange Commission (SEC) has declared that memecoins, a type of novelty digital asset, are not subject to oversight. This decision comes just a month after President Trump issued his own memecoin. According to the agency, memecoins do not meet the criteria for securities, which means they are exempt from regulatory scrutiny.
Source: https://www.nytimes.com/2025/02/27/business/sec-memecoins.html