PANews reported on February 28 that in response to the guidance issued by the U.S. Securities and Exchange Commission (SEC) on Meme coins , namely "determining that Meme coins are not securities", SEC Commissioner and crypto skeptic Caroline Crenshaw posted on the SEC's official website that the purpose of the SEC staff's written guidance is to promote understanding and compliance with federal securities laws, and the guidance issued by the SEC completely subverts this concept. It presents an incomplete and unfounded legal view that the entire product category is not under the jurisdiction of the SEC; this guide does not provide a clear legal definition or even a basic dictionary. The lack of useful definitions alone makes the value of this guide questionable, unless it is a roadmap for crypto companies to evade supervision by labeling themselves as Meme coins. This guide is not a reasonable interpretation of existing laws. It raises more questions than it answers, namely, what is a Meme coin and whether a Meme coin is a definable or useful classification in existing securities laws. It boils down to a broad statement of general principles that provides little clarity or predictability for any given currency.