The SEC has issued a staff statement affirming that most meme coins do not qualify as securities under federal law. This move aligns with previous comments from Commissioner Hester Peirce and represents a significant win for the memecoin community. While the SEC acknowledges that these assets generally do not meet the definition of securities, it warns that the potential for fraud remains a concern and will continue to be monitored. Overall, the regulatory body has made it clear that meme coins can be distinguished from traditional securities.