Viral social media star Haliey Welch says the SEC is closing their investigation into her Hawk Tuah crypto meme coin. The girl behind the “hawk-tuah” meme tells TMZ that the investigation is over, and he or she has been cooperating with the SEC for months.
JUST IN: “Hawk Tuah” lady Haliey Welch says SEC closed its investigation into her crypto meme coin that crashed 95% hours after launch.
She says they won’t pursue any expenses or financial sanctions. pic.twitter.com/RNxzf6IDjb
— Watcher.Guru (@WatcherGuru) March 28, 2025
“For the previous few months, I’ve been cooperating with all of the authorities and attorneys, and at last, that work is full,” she instructed TMZ this week. The HAWK meme coin crashed by 95% hours after launch, with some suggesting the meme coin was a rug-pull ploy. The coin reached a market capitalization of practically $500 million earlier than plummeting to $25 million. Traders misplaced 1000’s of {dollars} after investing within the coin and sending its worth surging earlier than it crashed.
Hawk Tuah Meme Coin Investigation is Over
The swimsuit alleged the creators behind the coin have been negligent as a result of they didn’t get approval to launch the coin. Haliey’s legal professional James Sallah says, “The SEC closed the investigation with out making any findings in opposition to, or searching for any financial sanctions from, Haliey. As a result of they didn’t deliver any motion in opposition to her, there aren’t any restrictions on what she will be able to do with regard to crypto or securities sooner or later.” Sources inform TMZ that she’s parted methods with the LLC behind the coin, and he or she gained’t be supporting or selling it going ahead.
Haliey herself says she’s “Pleased to be beginning again up once more.” Nonetheless, she didn’t affirm whether or not beginning again up includes getting again into the cryptocurrency business. Related incidents have occurred with well-liked celebrities previously, notably within the NFT realm. Welch shortly disappeared from social media after launching the Hawk Tuah meme coin and her podcast Discuss Tuah.” TMZ even means that there’s a Hawk Tuah documentary within the works.
The SEC has not commented on Welch’s declare that the investigation into the Hawk Tuah (HAWK) meme coin was dismissed. Nonetheless, the regulator has made a number of choices round dismissing crypto investigations and lawsuits over the previous month. These embody massive exchanges like Binance and Ripple.
