• Haliey Welch (‘Hawk Tuah’) claims the SEC closed Hawk Meme Coin Probe (no penalty)
• At the moment unconfirmed claims by the SEC. Following the Hawk growth and bust cycle
• Authorized consultants are involved with problems with SEC jurisdiction over non-security meme cash

Harry Welch, generally known as “Hawk Too Lady,” claims that the Securities and Alternate Fee (SEC) has concluded its investigation into her and Hawk Meme cash with out pursuing enforcement motion.

Nevertheless, the SEC itself has not commented or confirmed this declare. The declare has gained regulatory consideration, following the Hawk Token meteor rise, to a reported market capitalization of $500 million, under the $60 million, inflicting main losses to many buyers. Welch introduced the suspicious probe closure through feedback made to TMZ.

Welch advised TMZ, “I’ve labored with all of the authorities and attorneys over the previous few months, and in the long run, the job is full.”

Why do alleged controversy?

Welch’s declare that he’s not going through authorized penalties associated to the dramatic growth and bust of Hawk Tokens has attracted controversy throughout the crypto group.

Many have questioned how Welch can stroll away with out authorized penalties regardless of the monetary losses going through buyers. Critics argue that the scenario signifies a niche in regulatory oversight, particularly relating to high-risk tasks like Memecoin.

Welch’s lawyer James Sarah added: “The SEC has closed the investigation with out making any discoveries or asking for monetary sanctions towards Haliey.

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Analysts defined by Sec Jurisdiction Restricted at Meme Cash

Authorized analyst James Murphy (identified on-line as “Metalawman”) prompt whether or not there was an SEC probe Closed with out motionnot essentially shocking.

Meme cash are usually not usually categorized as securities. In different phrases, the SEC has no jurisdiction over them. He mentioned the company is concentrated on its central accountability and might be investigated by a felony prosecutor or a state client safety company if fraud is concerned.

For background, the SEC itself has not too long ago revealed that almost all memecoins don’t meet the factors for regulating funding contracts primarily based on established Supreme Court docket precedents.

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Welch and her attorneys argue that the SEC points have been concluded favorably for her, however with out official company affirmation, the ultimate standing turns into unclear.

For now, Welch has no authorized troubles and leaves Hawksaga as yet one more controversial chapter.