Hawk Tuah Girl Escapes SEC Scrutiny Over Controversial Crypto token
Haliey Welch, known as the âHawk Tuah Girl,â has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the meme coin named after her catchphrase without taking any action. Welch cooperated fully with authorities, and her attorney, James Sallah, confirmed the SEC closed the case without any findings or sanctions.
The $HAWK token experienced a dramatic rise and fall, reaching a market cap of nearly $500 million before crashing to around $3 million. This left many investors with meaningful losses. Despite the coinS collapse, Welch avoided penalties. âThe SEC has closed the investigation with no restrictions on my future crypto activities,â Welch told TMZ.
Welchâs viral fame began with a street interview that went viral. She later promoted the âHawk Tuahâ coin. The coinâs creators, however, face a separate lawsuit for negligence. Welch has since cut ties with the LLC behind the coin.
Welchâs rise to fame led to various ventures, including a podcast. A documentary about her is also in the works. Welch is now ready to move forward, saying, âHappy to be starting back up again.â
Reports suggest the SEC has dismissed several crypto-related cases, including those against Immutable, Crypto.com, Ripple, and Coinbase. This leniency may be linked to the Trump managementâs looser regulatory oversight.
Since Gary Gensler resigned as SEC chair,crypto companies have donated millions to Trump. Welch, who gained fame from a viral video, temporarily disappeared from social media after the coinâs crash but is now ready to resume her activities.
While welch escaped penalties, the coinâs creators face a lawsuit for launching the token without proper approval. the SECâs recent dismissal of crypto investigations, including the Hawk Tuah case, raises questions about regulatory oversight. Welchâs attorney, James Sallah, stated, âHaliey can now freely engage in crypto and securities.â
Welchâs story highlights the SECâs changing stance on crypto. The SECâs decision not to pursue action against her signals a shift in regulatory approach. the crypto industryâs donations to Trump since Nov. 5, 2024, might have influenced this change. The SECâs decision not to pursue action against her suggests a more lenient regulatory surroundings. The SECâs actions have sparked debates about crypto regulation. The SECâs dismissal of various crypto cases indicates a potential trend of reduced scrutiny under the new administration. This decision could impact future crypto projects and thier creators.
- SEC dismissed the investigation without sanctions.
- Welchâs story highlights the SECâs changing stance on crypto. The SECâs recent dismissal of crypto investigations, including the Hawk Tuah case, signals a shift in regulatory approach. This decision could impact future crypto projects and their creators.