SEC Concludes Inquiry into Meme Coin Involving Hawk Tuah Girl: Task Completed

The U.S. Securities and Exchange Commission (SEC) has decided to drop its investigation into the "Hawk Tuah Girl" cryptocurrency case, according to recent updates.

Haliey Welch, popularly known as the "Hawk Tuah Girl" from a viral video, revealed that the SEC has concluded its investigation into the controversial meme coin bearing her famous catchphrase without taking any legal action against her.

"I have been fully cooperating with all the relevant authorities and attorneys for the past few months, and I am glad to announce that the investigation has now been completed," Welch shared with TMZ.

James Sallah, Welch's attorney, explained the outcome of the investigation:

"The SEC has closed the investigation without making any findings against or seeking any monetary sanctions from Haliey. Since no action was taken against her, there are no restrictions on her future involvement with cryptocurrency or securities."

The $HAWK token gained attention after experiencing a crash following a sudden surge in popularity. The rise saw the coin reach a market capitalization of nearly $500 million before plummeting to around $3 million, leaving many investors with significant losses.

Although Welch managed to avoid SEC penalties, the creators of the coin face a separate lawsuit alleging negligence for launching the token without proper regulatory approval.

Sources close to Welch indicate that the influencer has cut ties with the LLC behind the coin and will not endorse or promote it in the future.

Welch's viral fame began with a street interview in which her description of a certain physical act quickly gained popularity. She leveraged her sudden celebrity status through various ventures, including the "Talk Tuah" podcast.

Reports also suggest that a "Hawk Tuah" documentary is currently in development.

The Hawk Tuah coin is not the only cryptocurrency-related entity to have its troubles dismissed.

The SEC has recently dropped various cryptocurrency investigations and lawsuits, such as cases against Immutable, Crypto.com, Ripple, and Coinbase.

Following the resignation of Gary Gensler, a Biden administration appointee, as SEC chair, cryptocurrency companies and entrepreneurs are enjoying looser regulatory oversight under the current Trump administration.

According to Politico, crypto companies like Ripple, Coinbase, Kraken, Robinhood, and Circle have made seven-figure donations to Trump since Nov. 5, 2024.

After the Hawk Tuah meme coin crash, Welch temporarily vanished from social media, raising questions about her role in the project.

Despite the controversy, Welch appears prepared to move on.

"I am excited to be starting again," she told TMZ.