Harry Welch, well known online as the girl behind “Hawk Tua,” is not worried about a Securities and Exchange Commission investigation into her memecoin after the agency stopped investigating, she said Friday.
“For the past few months I have worked with all the authorities and lawyers, and in the end, the job has been completed,” she said. TMZ.
Welch fired a meme coin Solana In December, it quickly erupted and caused a repulsion Forced She temporarily takes her account offline. Tennessee’s native memecoin Hawk spiked to a market capitalization of $490 million before collapsed 93% within minutes.
The public knew Welch was working on a civil lawsuit against Hawk’s creators, but it was not previously known that Welch faced an investigation from a top Wall Street police officer.
Welch’s lawyer said TMZ The SEC has closed the probe “without her joy in cryptocurrency and securities, which is a decision she will be able to do, “or without seeking financial sanctions,” and “without findings.”
Hawk’s collapse raised concerns Meme Coin Promoters, and the accountability to launch them, face. Last month, SEC advice Meme coins generally do not consider securities and do not fall under regulatory authority.
The SEC said Decryption The agency must not comment on the existence or existence of any possible investigations.
A Welch spokesman did not immediately respond to requests for comment from Decryption.
Memecoin is a cryptocurrency that is usually traded in marketing and hype. Welch was one of several names I dropped one last yearIncludes Caitlyn Jenner, Jason Derulo and Cardi B.
The civil lawsuit against Hawk’s creators is not named Welch. Instead, he takes action against an influencer named Alex Larson Schultz, who passes through Crypto Launchpad Overhere, its founder Clinton So, “Doc Hollywood” and the so-called Tuah the Moon Foundation.
Welch in the now deleted interview I said Richard “Fuzzbanks” Benton regrets how the crypto effort unfolds. During the chat, she showed that her knowledge of cryptography was on a fairly surface level and she really didn’t know what she was into.
Hawk prices jumped Friday, up 25% in decentralized exchanges or Meteora’s Dex, Dex and Dex, according to the Crypto Data Provider. Geckoterminal. Its market capitalization is $4 million, and Meme Coin has generated trading volumes worth $333,000 a day.
still, TMZ Welch reported that he never planned to promote her failed cryptocurrency again. She will be featured on an Future documentaries.
Edited by James Rubin
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