Hawk Tuah Girl says SEC Let probe fall in Solana Meme Coin: TMZ

Haliey Welch, better online as the girl behind ‘Hawk Tuah’, is no longer worried about the probe of the Securities and Exchange Commission in her meme -Munt after the desk had dropped the investigation, she said on Friday.

“In recent months I have worked with all authorities and lawyers, and finally that work is completed,” she said TMZ.

Welch launched a meme coin Solana In December that quickly imploded, caused play and forcing Her to temporarily take her account offline. Meme Coin Hawk of the resident of Tennessee shot to a market capitalization of $ 490 million before he collapsed in value by 93% within a few minutes.

While the public knew that Welch collaborated with a civil lawsuit against the makers of Hawk, it was not before that Welch was confronted with an investigation by the top agent of Wall Street.

Welch’s lawyer told TMZ That the SEC concluded his probe “without finding findings, or the search for monetary sanctions”, a decision that enables her to do what she pleases with regard to cryptocurrencies and effects.

Hawk’s collapse Targeted concern About the responsibility that Meme Coin Promoters, and those who launch them are confronted. Last month, the sec advised That the meme coins generally does not consider as effects, and they are not covered by the legal assignment.

The sec Decrypt that the agency does not comment on the existence or non -existence of a possible investigation.

A Welch spokesperson did not immediately respond to a request for comments from Decrypt.

Meme coins are cryptocurrencies that usually act on marketing and hype. Welch was one of different names that Last year one fellIncluding Caitlyn Jenner, Jason Derulo and Cardi B.

The civil lawsuit against the makers of Hawk does not mention Welch. Instead, the action against the Crypto Launchpad Overhere, his founder Clinton So, an influencer called Alex Larson Schultz who goes ‘Doc Hollywood’, and the so -called Tuah the Moon Foundation.

In a now deleted interview, Welch told Richard “Faze Banks” Bengtson that she regrets how her crypto efforts took place. During the chat she indicated that her knowledge of crypto was quite a surface level, and she didn’t really know what she started.

The price of HAWK jumped on Friday, recently rising 25% on the decentralized stock exchange, or Dex, Meteora, according to the crypto data provider Geaky -term. With a market capitalization of $ 4 million, the Meme Coin generated $ 333,000 in trade volume last day.

Still, TMZ reported that Welch never intends to promote her failed cryptocurrency again. Nowadays she is planned to be profiled in one upcoming documentary.

Published by James Rubin