However, the rules do not prohibit digital asset brokers from providing meme token services to clients on the condition that they must act as broker or agent in trading and exchanging digital assets for clients, and must ensure that clients receive the best execution terms from various sourced exchanges to which the brokers have linkage.   

The SEC reiterates that any entity holding both digital asset exchange and brokerage licenses intending to offer meme token trading services must send such trading orders to sourced exchanges solely in their capacity as broker, without misleading the general public into believing that the orders are serviced by digital asset exchange. Moreover, influencers and trading partners must also adhere to this principle. 

The SEC rules aim to protect investors, maintain market integrity, and support financial innovations suitable for each type of digital asset business, without imposing undue burdens on businesses. 

__________________

Note: 

Meme token refers to digital tokens without clear objectives or utility, lacking underlying support, with prices driven by trends in social media. The prohibition of digital asset exchanges from trading meme tokens is in compliance with the Notification of the Securities and Exchange Commission No. Kor Thor. 18/2564 Re: Rules, Conditions and Procedures for Undertaking Digital Asset Businesses (No. 11), dated 10 June 2021.