Is the Trump memecoin securities-compliant...and does it have illegal elements? The Trump family's memecoin has hit the altcoin market hard.
Alexandra Andhov, a law professor at Auckland, wrote in a Forbes article that “the memecoin TRUMP issued by US President-elect Donald Trump may be considered a security under the lower test (the test for the application of securities laws).” The lower test presents four criteria for securities: monetary investment, joint
