This title is misleading. "Not a security" does not mean "no oversight". > “Although the offer and sale of memecoins may not be subject to the federal securiti

This title is misleading. "Not a security" does not mean "no oversight". > “Although the offer and sale of memecoins may not be subject to the federal securities laws, fraudulent conduct related to the offer and sale of memecoins may be subject to enforcement action or prosecution by other federal or state agencies,” said the statement, from the S.E.C.’s division of corporation finance.