The SEC has stated that most memecoins aren't securities

When SEC representatives announced that most meme coins are not securities, many immediately equated this with the SEC dropping legal proceedings against Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and Uniswap. They concluded that the next step would be abandoning claims against Ripple and publicly declaring that neither Ripple nor Ethereum should be considered securities. Such a statement has been anticipated from the SEC ever since its former chairman, Gary Gensler, stepped down.

But what do Ripple and Ethereum have to do with this? Their token holders receive:

• Material benefits from the economic activities of XRP issuer Ripple Labs (through price appreciation).
• A share of income generated by the Ethereum network (through staking ETH tokens).

This has nothing in common with what meme coin holders receive. They get nothing! I've said multiple times that meme coins, in this sense, are similar to Bitcoin: their entire value lies in the community's belief in their potential.

So, SEC representatives merely acknowledged an obvious fact that has no relation to either Ripple or Ethereum.

Of course, there are meme tokens whose early buyers profit from a promotional campaign run by the issuer who sold them these tokens. In such cases, the SEC may consider them investment contracts rather than purely speculative assets. The $TRUMP token is one such example. However, the SEC isn’t saying that no meme tokens are securities—only that most assets in this class don’t meet the definition.

So, you can confidently exchange most meme tokens for Bitcoin or any other similar cryptocurrency. Welcome to rabbit.io! You won’t face any complaints from U.S. authorities.