New Meme Coin, PUNISHER COIN, Not Registered – SEC Warns Investors
The Securities and Exchange Commission (SEC) has issued a strong warning to investors regarding a newly trending cryptocurrency, Punisher Coin, stating that the digital asset is not registered with the commission. As interest in meme coins continues to rise, the SEC emphasizes that Punisher Coin lacks regulatory approval, raising concerns over investor protection and potential risks.
According to the statement released, the public is advised to exercise caution and refrain from investing in unregistered digital assets that have not been subjected to regulatory scrutiny. The commission reiterated that any crypto project promoting investment without proper registration violates securities laws.
This development comes amid growing debates on the safety of investing in meme coins and the need for tighter oversight within the crypto space. As Punisher Coin gains attention, the SEC’s stance serves as a reminder for Nigerian investors to verify legitimacy before committing funds to any emerging digital currency.
