Loading ...From livemint.com,
“However, meme coins such as the Dogecoin, Shiba Inu, and now the presidential Trump Coin have flourished precisely because they are not securities. They position themselves as purely speculative assets without a promise of profit sharing or underlying utility. While the initial response might seem attractive, meme coins are volatile and often follow unpredictable trajectories. The meme coin token’s success could depend on fundamental factors and sustaining investors’ enthusiasm.”
Not securities. Speculative (I’m not sure that they meet the definition. What are you actually speculating on, or about?) assets (Asset? another definition problem from an accountants POV). No profit sharing. No utility. Shakes head.