Australian Lawyers Warn Celebrities of SEC Action for Unlicensed Sale of Memecoins on Solana

Celebrities selling memecoins may be “painting a target” on their backs according to two Australian-based lawyers whose clients include cryptocurrency firms. David Chung, founding director of Creo Legal based in Brisbane, said “Nothing gets the SEC to act faster than shilling a memecoin,” in a recent Cointelegraph interview. …