SEC Closes Investigation Into Haliey Welch Over Alleged HAWK Memecoin Rug Pull: Report

The US Securities and Trade Fee (SEC) is reportedly closing its analysis into social media influencer Haliey Welch in regards to the alleged carpet of her memecoin.

Based on a brand new TMZ report, the regulatory occasion closes the probe in Welch – often known as the “Hawk Tuah” woman for her viral video of 2024 – with none expenses towards her after it was claimed that she carried out a carpet pull after the launch of Hawk (HAWK) in December.

The SEC investigated Welch after her of Solana (SOL) misplaced its worth shortly after a big assembly, inflicting accusations to be activated that the Hawk Memecoin was a carpet.

A carpet trekking is when the makers of a brand new asset deliberately blow up his worth after which promote giant portions of it, on the identical time benefited and push the worth of actively, in order that buyers are on huge non -realized losses.

As defined by James Sallah, in keeping with TMZ, the Welch lawyer,

“The SEC closed the investigation with out doing any findings, or the seek for financial sanctions from Haliey. As a result of they haven’t taken motion towards her, there are not any restrictions on what she will be able to do sooner or later with regard to crypto or results.”

Sources instructed TMZ that Welch broke the ties with the corporate that has launched the coin and won’t promote or help them to maneuver ahead. In December, Welch stated that she would collaborate with the authorities and was dedicated to fixing the issue.

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