In sum, because Musk did repost a meme that called those who benefit from federal programs the "Parasite Class," we rate this claim as true.

The Securities and Exchange Commission issued guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law.

Meme coins are not securities and, hence, aren't subject to federal laws regulating the financial instruments, according to the Securities and Exchange Commission. The agency has issued its official ...

The SEC noted in a statement that federal securities laws do not bind meme coins. The agency clarified that securities laws protect neither meme coin purchasers nor holders. House Democrats are ...

As a result, the SEC says it does not believe people who purchase or hold meme coins are protected by federal securities law and that people “who participate in the offer and sale of meme coins ...