SEC Commissioner Caroline A. Crenshaw has criticized new guidance from the Division of Corporation Finance regarding meme coins, arguing that it misrepresents the agency's jurisdiction. Crenshaw raised concerns over the lack of a clear legal definition for meme coins and warned that the guidance could be used as a loophole by crypto enterprises to evade oversight. She emphasized that meme coin promoters often manipulate supply and engage in fraudulent schemes, and challenged the assertion that meme coin prices are solely driven by market sentiment. Crenshaw continues to push for stricter oversight and legal clarity in crypto markets.



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