Golden Finance reported that in response to the guidance issued by the Securities and Exchange Commission (SEC) on Meme currency, that is, "to determine that Meme currency does not belong to securities." SEC member and crypto-skeptic Caroline Crenshaw posted on the SEC official website that the purpose of SEC staff providing written guidance is to promote understanding and compliance with federal securities laws, and the guidance issued by the SEC completely subverts this concept, proposing an incomplete and unfounded legal view that the entire product category is not within the jurisdiction of the SEC; this guide does not provide a clear legal definition, and does not even have a basic dictionary. This guide is not a reasonable interpretation of existing laws. It raises more questions than it answers, i.e. what is Meme currency and whether Meme currency is a defined or useful category in existing securities laws. It boils down to a broad general statement of principles with little clarity or predictability for any given currency.