Stars who recently created and promoted meme coins on Solana may be violating securities laws and are "sure to attract the attention" of US securities regulators, according to lawyers. 🏛️

American public figures, including Caitlyn Jenner, Iggy Azalea and many others, have launched and promoted crypto tokens using their image since late May.

“Nothing makes the SEC act faster than promoting a meme coin,” said Creo Legal founder David Cheung.

Lawyers say the SEC could potentially prosecute Jenner for selling unregistered securities without the proper license.

All tokens were launched on the meme coin creation platform Solana pump.fun. Jenner and Derulo claim that alleged scammer and meme coin promoter Sahil Arora helped create their tokens.

JENNER, JASON and MOTHER tokens have fallen significantly from their peak values.