SEC Warns Against Fraudulent Memecoin Schemes Amidst Rising Popularity

In recent developments, the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a cautionary note to crypto investors. The warning, originally issued in May, highlights how malicious actors exploit innovative technologies like artificial intelligence to defraud investors. SEC also pointed out the rising trend of celebrity-associated memecoins and their potential for being manipulated

Source: CoinOtag