Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye: Lawyers
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Celebrities Launching Memecoins: Public figures like Caitlyn Jenner, Iggy Azalea, and Jason Derulo have created and promoted memecoins on Solana.
- Legal Concerns: Lawyers warn that these actions could violate securities laws and attract the attention of the U.S. Securities and Exchange Commission (SEC).
- SEC's Stance: The SEC considers most crypto tokens as securities, requiring registration with potential penalties for unlicensed activities.
- Token Performance: Memecoins like JENNER, JASON, and MOTHER have seen significant drops from their peak values according to CoinGecko data.
- Potential Legal Consequences: Celebrities may face class-action lawsuits from investors if the memecoins fail, in addition to regulatory scrutiny from the SEC.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
