Major virtual assets are on the rise.
As of 9:06 am on the 28th, based on Bithumb, Bitcoin (BTC) rose 0.34% from the previous day to 12,460,100,000 won. Ethereum (ETH) rose 0.68% to 3,394,000 won, XRP rose 1.16% to 3,227 won, BNB rose 0.85% to 889,500 won, and Solana (SOL) rose 0.75% to 202,200 won.
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The international market is mixed.
At the same time, on CoinMarketCap, BTC recorded $84,770.36, up 0.68% from the previous day. ETH fell 1% to $2,309.82, XRP fell 0.08% to $2.19, BNB fell 0.91% to $605.25, and SOL rose 1.53% to $137.57.
The total market capitalization of virtual assets increased by 0.55% from the previous day to about $2.81 trillion (about 4,083.773 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, rose 6 points from the previous day to 16 points, indicating 'extreme fear'.
The U.S. Securities and Exchange Commission (SEC) said it does not consider meme coins to be securities.
According to CoinTelegraph on the 28th, the Corporate Finance Division of the SEC said in a statement that day that "meme coins do not constitute 'public offering and sale' of securities under federal securities laws and are closer to 'collectibles'," and that "people participating in the public offering and sale of meme coins do not need to register the transaction with the SEC."
The SEC is of the view that meme coins do not meet the criteria of the 'sub-test' for determining whether an asset is a security. The sub-test considers an asset a security if investors invest funds in a common enterprise and expect profits from the efforts of others. The SEC said, "The public offering and sale of meme coins cannot be seen as an investment in a specific company, and there is no reasonable basis to expect profits from the entrepreneurial or managerial efforts of others," and "Therefore, meme coins themselves are not securities."
The SEC's announcement is interpreted as part of its efforts to provide clarity on virtual asset regulations. Former U.S. President Donald Trump had pledged to reduce the SEC's regulatory authority over virtual assets as a campaign promise. Accordingly, the SEC launched a virtual asset task force (TF) last month to establish a regulatory framework for virtual assets.
- Reporter Kim Jung-woo
- woo@decenter.kr
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