What Is SEC Coin ($SEC)?
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$SEC is an ERC‑20 meme token created to mock the SEC’s efforts to regulate and restrict cryptocurrencies CoinMarketCap.
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It carries no transaction taxes on buys or sells. Its contract address is 0x82bf… and it has a total supply of approximately 6.97 trillion tokens CoinMarketCap.
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The token serves as satirical commentary, targeting the SEC’s enforcement stance rather than offering utilitarian or financial benefits.
🔍 Is SEC Coin a Security?
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SEC staff has stated that most meme coins are not considered securities because they lack an underlying enterprise and don’t promise profit based on others’ efforts SEC.
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According to the Howey Test, an investment contract qualifies as a security if it involves:
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Investment of money
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Common enterprise
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Expectation of profits
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Efforts from others to drive returns InvestopediaDonnelley Financial Solutions (DFIN)Cointelegraph.
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Meme coins like $SEC, typically lacking centralized control or profit expectation messaging, generally do not meet these criteria.
⚖️ Regulatory Context & Developments
SEC Enforcement & Crypto Token Regulation
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The SEC’s Crypto Task Force actively evaluates crypto projects, focusing on enforcing securities laws and protecting investors SECSEC.
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Its 2025 guidance clarified that tokens marketed for profit or controlled centrally are more likely to be considered securities. In contrast, decentralized utility tokens or stablecoins with transparent reserves typically are not Cointelegraph.
Key Legal Precedents
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The Ripple case saw XRP classified as a security in institutional sales but not in retail exchange trades, showcasing nuanced legal interpretations Business InsiderInvestopediaCointelegraph.
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Other regulatory actions include lawsuits against Binance, Coinbase, and other token issuers for unregistered securities offerings Cointelegraphen.wikipedia.org.
Legislative Trends
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Recently the U.S. Senate introduced a simplified crypto‑market bill (the CLARITY Act). Both House and Senate versions create pathways for new tokens to get SEC certification confirming they aren’t securities Axios.
🧩 Summary Table
| Feature | Details |
|---|---|
| Token Type | ERC‑20 meme coin mocking SEC regulations |
| Supply / Design | ~6.97 trillion tokens, no buy/sell taxes |
| Utility | No real utility; meant for satire and speculation |
| Security Classification | Not typically a security as per SEC memecoin guidance and Howey Test |
| Regulatory Outlook | Likely viewed as low-risk by SEC—but any token can attract scrutiny via enforcement or fraud laws |
✅ Final Thoughts
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SEC Coin is purely a meme-based token without functional utility or expectation of profit. It largely avoids classification as a securities token.
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However, the SEC continues defining rules through the Howey Test and its Crypto Task Force, emphasizing that central control or profit marketing may trigger regulation CointelegraphDonnelley Financial Solutions (DFIN).
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Any token—even a meme coin—can become subject to legal enforcement if it misleads investors or engages in fraudulent behavior.
