“Hawk Tuah” Girl Haliey Welch Says SEC Closed Investigation Into Her Crypto Meme Coin
Haliey Welch, famously known as the “Hawk Tuah” girl, has announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into her involvement with the Hawk Tuah (HAWK) memecoin. The news comes after months of controversy surrounding the token’s dramatic rise and fall.
The Rise and Fall of Hawk Tuah Coin
Welch became an internet sensation in 2024 after a viral video of her saying “Hawk Tuah” exploded across social media. Capitalizing on the newfound fame, a team of crypto developers launched the Hawk Tuah (HAWK) memecoin in December 2024. The coin initially skyrocketed in value, reaching a market capitalization of nearly $500 million.
However, within hours, HAWK suffered a catastrophic crash, losing over 90% of its value. The sudden decline led to accusations of insider trading, rug-pulling, and potential securities violations, prompting the SEC to launch an inquiry into Welch’s involvement.
SEC Closes Investigation Without Charges
Welch took to social media to confirm that the SEC had closed its investigation without filing any charges against her. She expressed relief at the outcome, stating that she had cooperated fully with authorities and maintained her innocence throughout the process.
"I'm grateful that the SEC has officially closed the investigation," Welch wrote. "I’ve always been transparent, and I’m looking forward to moving on from this chapter."
The SEC has not issued a formal statement regarding the closure of the case. However, the decision aligns with the agency’s recent stance on cryptocurrency regulation, particularly regarding memecoins.
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Memecoins and Changing Crypto Regulations
Under recent policy shifts, the SEC has begun classifying memecoins as collectibles rather than securities, exempting them from strict financial regulations. This reclassification has led to the dismissal of several high-profile crypto-related cases, including the Hawk Tuah coin investigation.
While Welch is now clear of SEC scrutiny, some investors who suffered losses continue to demand accountability from those behind the project’s development and marketing. It remains unclear whether any civil lawsuits will follow.
What’s Next for Haliey Welch?
Despite the controversy, Welch remains a prominent internet personality. She has hinted at new projects, including potential brand collaborations and further ventures in the entertainment industry.
For now, she seems eager to put the crypto scandal behind her and focus on the opportunities that have come from her viral fame.
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