Jim Cramer warns SEC is coming for DOGE

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TL;DR Breakdown

  • Jim Cramer says Dogecoin is a security.
  • Warns investors SEC is coming for the meme coin.

The host of Mad Money, a CNBC show, Jim Cramer, has issued a warning to Dogecoin holders. He said the meme coin is a security that will soon be regulated by the security and exchange commission (SEC).

“Please be careful with dogecoin,” he tweeted, adding that the meme cryptocurrency “is a security” and “will be regulated.” In addition, he wrote: “We will find out how many there are and how many are being created each day to make money for the exchanges.”

Jim Cramer’s comment about the popular meme coin, which also aired on CNBC Thursday, has drawn a lot of attention on Twitter.