The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from

The U.S. Securities and Exchange Commission on Thursday filed to dismiss its lawsuit against Coinbase , the largest U.S. cryptocurrency exchange, putting an end to a legal battle as the regulator moves to change course under President Donald Trump.

Meme coins, a controversial segment in the broader blockchain industry, are not securities, the SEC declared Thursday, ending years of questions about the legal status of the tokens.

Bitcoin, crypto prices tumble after Trump provides tariff update. The SEC rules that meme coins are collectibles, not securities.

The U.S. Securities and Exchange Commission declared that most meme coins, such as Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD), are more like collectibles than securities, sparing them from federal regulation but leaving buyers without traditional investor protections,