tl;dr
Hailey Welch, also known as "Hawk Tuah," shared that she is no longer concerned about the Securities and Exchange Commission's (SEC) investigation into her meme coin, as the agency has dropped the probe. Welch cooperated with authorities and attorneys, leading to the closure of the SEC's investigati...
The Securities and Exchange Commission (SEC) has dropped its investigation into meme coin creator Hailey Welch, also known as "Hawk Tuah," allowing her to proceed with cryptocurrency activities without facing any sanctions. This decision comes after the collapse of HAWK cryptocurrency, which raised concerns about the accountability of meme coin promoters and launchers. However, the SEC stated that it generally doesn't view meme coins as securities falling under its regulatory oversight.
Despite the recent price increase for HAWK, Welch has expressed regret over her crypto endeavors and her limited knowledge of the space. Although the price of HAWK has risen, Welch reportedly has no intention of promoting her failed cryptocurrency again and is set to be featured in an upcoming documentary.
Welch cooperated with authorities and attorneys, leading to the closure of the SEC's investigation without any findings or monetary sanctions against her. This development allows Welch to engage in cryptocurrency and securities activities as she pleases.
The collapse of HAWK raised concerns about the accountability of meme coin promoters and launchers. The SEC recently clarified that it doesn't generally view meme coins as securities falling under its regulatory oversight, indicating a broader perspective on the matter.
The civil lawsuit targeting HAWK's creators and the crypto launchpad does not name Welch, instead focusing on the launchpad, its founder, and an influencer who promoted the meme coin. Despite the recent rise in HAWK's price, Welch has no plans to promote her failed cryptocurrency again, as reported by TMZ.