Lawyer: Any meme coin project involved in fraud may still face legal prosecution at the federal or state level in the United States

Khurram Dara, lawyer and Head of Regulation and Policy at Bain Capital Crypto, stated on X platform that the US SEC has issued guidance on meme coins today, explicitly stating that "meme coins" are not securities, but more like collectibles. Upon hearing this news, some market participants interpreted the SEC's regulatory attitude towards meme coins as "loosening". However, Khurram Dara warned that the market should not overinterpret the SEC's "friendly" stance, as the SEC's statement only represents the opinion of its corporate finance regulatory department and is limited to the federal securities law level. More importantly, the SEC clearly emphasizes at the end of the guidance that if the issuance and sale of meme coins involve fraudulent activities, they will still face enforcement and prosecution by other federal or state agencies.