SEC Commissioner Criticizes Meme Coin Regulatory Loophole
- SEC Commissioner Caroline A. Crenshaw is a Democrat.
- Crenshaw criticizes new guidance on meme coins by the Division of Corporation Finance.
- The guidance is seen as a dangerous loophole by Crenshaw.
- She accuses issuers of meme coins of market manipulation.
- Crenshaw claims the SEC is failing to protect investors with this guidance.
SEC Commissioner Caroline A. Crenshaw has raised concerns over new guidance from the Division of Corporation Finance, calling it a dangerous loophole and accusing meme coin issuers of market manipulation. She believes the SEC is not adequately protecting investors under this new framework.
Source (2.6)https://news.bitcoin.com/sec-commissioner-slams-meme-coin-loophole-calls-out-critical-flaws-in-new-guidance/?rand=52384
