Hawk Tuah Girl Says SEC Dropping Probe Into Solana Meme Coin: Fox

Haliey Welch, better known online as the child behind” Hawk Tuah”, isn’t worried about the Securities and Exchange Commission’s spacecraft into her video gold again after the organization dropped the analysis, she said Friday.

” For the past few weeks, I’ve been cooperating with all the government and counsel, and lastly, that labor is complete”, she told .

Welch launched a joke gold on Solana in December that immediately imploded, sparking reaction and forcing her to temporarily consider her account online. The Tennessee native’s meme coin HAWK rocketed to a market cap of$ 490 million before collapsing 93 % in value within minutes.

While the consumer knew Welch was cooperating with a legal complaint against HAWK’s designers, it was not previously known that Welch faced an analysis from Wall Street’s best officer.

Welch’s lawyer told that the SEC closed its spacecraft “without making any observations against, or seeking any economic punishment”, a choice allowing her to do as she pleases concerning bitcoin and stocks.

HAWK’s decline raised concerns over the responsibilities that meme penny promoters, and those that release them, face. Next month, the SEC advised that it doesn’t usually see meme currencies as assets, and they don’t drop under its regulation mandate.

The SEC told that the company does not comment on the existence or nonexistence of a conceivable research.

A spokeswoman for Welch did not immediately respond to a request for comment from .

Meme cash are cryptocurrencies that usually trade on promotion and hype. Welch was among many names that dropped one last season, including Caitlyn Jenner, Jason Derulo, and Cardi B.

The civil lawsuit against HAWK’s developers does not label Welch. Otherwise, it’s taking actions against the crypto rocket overHERE, its leader Clinton But, an influencer named Alex Larson Schultz who goes by” Doc Hollywood”, and the so-called Tuah the Moon Foundation.

In a now-deleted meeting, Welch told Richard” FaZe Banks” Bengtson that she regrets how her crypto efforts played out. During the talk, she indicated that her understanding of bitcoin was very surface-level, and she didn’t really know what she was getting into.

The price of HAWK jumped on Friday, just rising 25 % on the fragmented trade, or DEX, Meteora, according to the blockchain data company GeckoTerminal. With a market cap of$ 4 million, the meme coin has generated$ 333, 000 worth of trading volume over the past day.

However, reported that Welch not plans on promoting her failed crypto afterwards. These time, she’s slated to become profiled in an upcoming documentary.